India’s total exports during the April-August period are estimated at $328.86 billion, registering a positive growth of 5.35 per cent, data by the Ministry of Commerce and Industry showed on Tuesday.
Total imports during the first five months of the current fiscal are estimated at $375.33 billion, registering a growth of 7.20 per cent.
Merchandise exports during the April-August 2024 period were $178.68 billion as compared to $176.67 billion during the same period last year, registering a positive growth of 1.14 per cent.
Merchandise trade deficit during the April-August period was $116.64 billion compared to $99.16 billion during the same period last year.
In the month of August, India’s total exports (merchandise and services) reached $65.40 billion, the data showed. Merchandise exports during August were $34.71 billion as compared to $38.28 billion in August last year.
Non-petroleum and non-gems and jewellery exports in April-August 2024 were $135.75 billion, compared to $128.95 billion in April-August 2023. Non-petroleum, non-gems and jewellery (gold, silver and precious metals) imports in April-August 2024 were $186.25 billion, compared to $177.13 billion in April-August 2023.
Major drivers of merchandise export growth in August included engineering goods, organic and inorganic chemicals, electronic goods, RMG of all textiles, and drugs and pharmaceuticals. Engineering goods exports increased by 4.36 per cent from $9.05 billion in August 2023 to $9.44 billion in August 2024. Organic and inorganic chemicals exports increased by 8.32 per cent from $2.19 billion in August 2023 to $2.37 billion in August this year. Electronic goods exports increased by 7.85 per cent from $2.16 billion in August 2023 to $2.33 billion in August 2024. Drugs and pharmaceuticals exports increased by 4.67 per cent from $2.24 billion in August 2023 to $2.35 billion in August 2024, the data showed.
The estimated value of services exports for August is $30.69 billion as compared to $28.71 billion in August 2023.
India's growth becoming more balanced as private consumption's share in GDP rises
The good news is that India’s growth is becoming more balanced as private consumption’s share in GDP rose in fiscal 2025, according to a Crisil report.
New SEBI chairman spells out 4-point mantra for capital markets regulator
The new SEBI Chairperson, Tuhin Kata Pandey, has a four-point mantra in mind -- trust, transparency, teamwork and technology -- for ensuring the continued efficiency of the capital markets regulator.
India's coal production sees 5.73 pc growth in April-Feb period to reach 928.95 MT
Cumulative coal production reached 928.95 million tonnes (MT) in the April-February period this fiscal (FY25), reflecting a 5.73 per cent increase compared to 878.55 MT in the same period last year, the government said on Saturday.
Eager to join Assam’s transformational journey: Gautam Adani
Assam is on a path to greatness amid several ongoing transformative projects and we are honoured to walk this path alongside you, Gautam Adani, Chairman of the Adani Group, said here on Tuesday.
Adani Group to invest Rs 50,000 crore in Assam to boost infra, create jobs
The Adani Group on Tuesday announced a massive Rs 50,000 crore investment in Assam, marking one of the highest-ever investment commitments by a business group to the state.
Indian stock market opens higher, Sensex above 74,600
Nifty Bank was up 33.70 points or 0.07 per cent at 48,685.65. Nifty Midcap 100 index was trading at 49,688.40 after declining 324.70 points or 0.65 per cent. Nifty Smallcap 100 index was at 15,382.20 after dropping 95.10 points or 0.61 per cent.
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited.
Gautam Adani hails MP's investment readiness, transformative leadership of PM Modi, CM Yadav
Announcing a whopping Rs 1.10 lakh crore investment and creation of 1,20,000 lakh jobs by the end of the decade, India’s top businessman Gautam Adani lauded the transformative leadership of Prime Minister Narendra Modi and Chief Minister Dr Mohan Yadav,