India’s goods and services exports increased by 5.4 per cent in June to $65.47 billion while the cumulative overall growth of exports during the April-June quarter this year rose 8.6 per cent to $200.33 billion, according to figures released by the Commerce and Industry Ministry on Monday.
"India’s total exports in the first quarter of 2024-25 have crossed $200 billion and, if this trend continues, we hope this fiscal year’s exports cross $800 billion,” said Trade Secretary Sunil Barthwal, releasing the monthly trade figures.
The figures show merchandise exports registered a positive growth of 2.55 per cent at $35.20 billion in June as compared to $34.32 billion in June 2023; The cumulative value of merchandise exports during April-June 2024 stands at $109.96 billion as compared to $103.89 billion during April-June 2023, registering a positive growth of 5.84 per cent.
Non-Petroleum & Non-Gems & jewellery exports registered an increase of 8.48 per cent from $25.29 billion in June 2023 to $27.43 billion in June 2024.
Major drivers of merchandise export growth in June 2024 include engineering goods, electronic goods, drugs & pharmaceuticals, coffee and organic & inorganic chemicals.
Engineering goods exports increased by 10.27 per cent from $8.52 billion in June 2023 to $9.39 billion in June 2024.
Electronic goods exports increased by 16.91 per cent from $2.42 billion in June 2023 to $2.82 billion in June 2024.
Drugs and pharmaceutical exports increased by 9.93 per cent from $2.25 billion in June 2023 to $2.47 billion in June 2024.
Coffee exports increased by 70.02 per cent from $0.12 billion in June 2023 to $0.20 billion in June 2024.
Organic and inorganic chemicals exports increased by 3.32 per cent from $2.22 billion in June 2023 to $2.29 billion in June 2024.
Total imports (merchandise and services combined) for June 2024 are estimated at $73.47 billion, registering a positive growth of 6.29 per cent vis-a-vis June 2023.
Total imports during April-June 2024 are estimated at $222.89 billion registering a growth of 8.47 per cent.
The figures show strong growth in the country’s services exports with a services trade surplus for April-June 2024 at $39.70 billion as compared to $35.12 billion in April-June 2023.
Assam Rifles seize foreign cigarettes valued at Rs 1 crore in Tripura; 2 held
In a major operation against clandestine illegal activities, Assam Rifles, in collaboration with Subsidiary Intelligence Bureau (SIB), have seized foreign cigarettes valued at over Rs 1 crore in Tripura and arrested two smugglers.
BSF foils smuggling and infiltration attempts in Tripura
In the early hours of January 15, 2025, the Border Security Force (BSF) successfully thwarted multiple attempts of smuggling and infiltration along the international border in Tripura, employing a non-lethal strategy.
Two arrested with drugs worth Rs 2 Lakh in city
In a significant operation, the NCC police station successfully raided a house in the Khejur Bagan area, resulting in the seizure of a large quantity of narcotics and cash. The raid, which was carried out based on a confidential tip-off, was overseen by Officer-in-Charge (OC) Sushanta Deb of the NCC police station.
Sanitation workers at Shantirbazar hospital strike over unpaid wages
Sanitation workers at Shantirbazar District Hospital have gone on strike, demanding the immediate release of their unpaid wages and a fair salary. These essential workers, responsible for maintaining the hospital's cleanliness and hygiene, have not received their salaries for the past three months.
Kokborok language mapping project nears completion: CM
Chief Minister Prof. Dr. Manik Saha today said that the state government has taken various important steps for the development of the Kokborok language.
CM announces two kilometers road divider project to enhance traffic safety
Chief Minister Prof. Dr. Manik Saha today said that the state government is working on making the traffic system more efficient and safe and in order to make traffic movement smoother, a plan has been taken to install road dividers for about 2 kilometers on the national highway.
EAM Jaishankar calls on Singapore President, discusses bilateral cooperation in semiconductors, industrial parks and skilling
External Affairs Minister (EAM) S. Jaishankar called on visiting Singapore President Tharman Shanmugaratnam in New Delhi on Wednesday, holding discussions with the foreign dignitary on bilateral cooperation in several areas ahead of his scheduled meetings with President Droupadi Murmu and Prime Minister Narendra Modi on Thursday.
GRAP IV restrictions reimposed in Delhi-NCR as pollution levels surge
The CAQM had, on January 12, revoked Stage-3 restrictions after the AQI in Delhi improved due to rainfall. Stage-IV restrictions include a ban on all construction activities, the entry of non-essential polluting trucks into Delhi, and the mandatory shift of school classes, except for classes 10 and 12, to hybrid mode.