India's Merchandise Exports Rise By 24.22 Per Cent To Record $38.19 Billion In April

India's merchandise export in the month of April rose by 24.22 per cent to to $38.19 billion.

"The monthly value of merchandise export in April 2022 amounting $38.19 billion, an increase of 24.22 per cent over $30.75 billion in April 2021," according to a Commerce Ministry release.

The ministry said that the value of non-petroleum exports in April 2022 was $30.46 billion, registering a positive growth of 12.32 per cent over non-petroleum exports of $27.12 billion in April 2021.

Meanwhile, India’s merchandise import in April 2022 was $58.26 billion, an increase of 26.55 per cent over $46.04 billion in April 2021.

"Value of non-petroleum imports was USD 38.75 billion in April 2022 with a positive growth of 9.87 per cent over non-petroleum imports of $35.27 billion in April 2021," the ministry said.

The trade deficit in April 2022 was $20.07 billion, an increase of 31.23 per cent over $15.29 billion in April last year.