India's total exports of merchandise and services have clocked a 6.03 per cent growth to $602.64 billion during April-December of the current financial year from $568.36 billion in the same period of the previous financial year, the Commerce and Industry Ministry announced on Wednesday.
The cumulative value of merchandise exports during April-December 2024 was $321.71 billion, as compared to $316.65 billion during April-December 2023, registering a positive growth of 1.6 per cent, the official statement said.
India's total exports of merchandise and services for December 2024 are estimated at $70.67 billion, registering a positive growth of 0.92 per cent vis-a-vis December 2023 while the total imports of merchandise and services for the month is estimated at $77.44 billion, which represents a 6.4 per cent increase over the same month of the previous year.
The major drivers of merchandise exports growth in December 2024 include electronic goods, engineering goods, rice, ready-made garments of all textiles and handloom products.
Electronic goods exports increased by 35.11 per cent from $2.65 billion in December 2023 to $3.58 billion in December 2024.
Engineering goods exports increased by 8.35 per cent from $10.01 billion in December 2023 to $10.84 billion in December 2024.
Rice exports increased by 64.03 per cent from $0.87 billion in December 2023 to $1.43 billion in December 2024.
Exports of ready-made garments of all textiles increased by 12.89 per cent from $1.30 billion in December 2023 to $1.46 billion in December 2024.
The exports of cotton yarn, fabrics and handloom products rose by 11.98 per cent from $0.94 billion in December 2023 to $1.05 billion in December 2024.
Non-petroleum exports in December 2024 were valued at $33.09 billion registering an increase of 5.05 per cent compared to $31.50 billion in December 2023.
The cumulative non-petroleum exports in April - December 2024 valued at $272.70 billion represented an increase of 7.05 per cent compared to $254.74 billion in April-December 2023.
Non-petroleum, Non-Gems and Jewellery exports registered an increase of 8.25 per cent from $28.60 billion in December 2023 to $30.96 billion in December 2024.
The estimated value of services exports for December 2024 is $32.66 billion as compared to $31.63 billion in the same month of the previous year while services imports for the month have been estimated at $17.50 billion up from $15.63 billion in December 2023.
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.
Govt contemplating to curb dependency on import of fish from outside: Minister Sudhangshu Das in Assembly
The state fishery minister Sudhangshu Das on Wednesday informed the assembly that the government is contemplating to increase local fish production and curb the dependency on imports from outside and neighbouring Bangladesh.
Major hike of salaries for Ministers, MLAs as bill passed in Tripura assembly
The bill proposes that the chief minister will now receive a monthly salary of Rs 97,000 with Rs 13,000 as sumptuary allowance while ministers and the Leader of the Opposition will get Rs 95,000 with an allowance of Rs 12,000 per month. The MLAs too will now draw Rs 93,000 as salary with Rs 12,000 as allowance.
'Govt working with dedication, spirit of service': PM Modi says during ISKCON Temple inauguration in Navi Mumbai
Prime Minister Narendra Modi on Wednesday said that India is a living land with a vibrant culture and the main foundation of "our spiritual culture is the spirit of service", which is the consciousness of this culture.
SC issues notice on Congress plea challenging amendments to Conduct of Election Rules
The Supreme Court on Wednesday agreed to examine a plea filed by senior Congress leader Jairam Ramesh challenging the amendment to the Conduct of Election Rules, 1961, which restricts public access to election materials, such as CCTV footage unless explicitly listed by the Election Commission of India (ECI).
India’s trade deficit narrows in Dec, rupee bounces back
India's trade deficit narrowed to $21.94 billion in December compared to the corresponding figure of $32.84 billion for November, as exports grew while imports declined on a month-to-month basis.
Drugs worth Rs 9 crore seized in Assam, two peddlers from Manipur arrested
The Special Task Force (STF) of Assam Police on Tuesday seized over 1.128 kg of heroin worth Rs nine crore and arrested two drug peddlers from Manipur, officials said.