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Despite Pandemic Headwinds, India's July Merchandise Exports Surges Strongly To $35.17 Billion, Up Nearly 50%
Indian exports (Illustration: Swarajya Magazine)
India's merchandise exports shot up to $35.17 billion in July representing an increase of 47.91% over the same period of 2020-21 ($23.78 billion) and up by 34.06% over same period of 2019-20 ($26.23 billion).
Merchandise exports had grown by 48.3% to $32.5 billion in June and were nearly 30% higher than June 2019.
Non-oil exports rose sharply by 34.39% over same period of 2020-21 and up by 30.01% over same period of 2019-20.
Non-petroleum exports stood at $29.57 billion in July representing a 34.39% growth over same period of 2020-21 and 30.01% growth over same period of 2019-20.
The import in July stood at $46.40 billion, an increase of 59.38% over the same period of 2020-21 ($29.11 billion) and up by 14.75% over same period of 2019-20 ($40.43 billion). Imports excluding Petroleum has increased in this period by 48.46% over same period of 2020-21 and up by 9.19% over same period of 2019-20.
In July, U.S, United Arab Emirates and Belgium were India's top three exporting nations.
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