India records highest ever export growth: 15.46% in merchandise, 12.9% in non-petroleum products

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New Delhi: India’s merchandise export rises 15.46% to USD 37.3 billion in May, 2022 as compared to USD 32.30 billion in May 2021, recording highest ever exports in May 2022

India’s merchandise export during first two months of 2022-23 jumps 22.3% to USD 77 billion over USD 63 billion in April -May 2021-22, recording highest ever export during April-May

Non-Petroleum export rises 12.9% to USD 61 billion over the same period of last year.

Petroleum products, Electronic goods and Readymade Garments recorded major increase in export for April-May 2022-23.

As the West is witnessing a collective decline in the all sectors of business following the impacts of Covid-19 pandemic. The fall was subsequent with respect to the regressions inducing from the Ukraine-Russia crisis.

A substantial jump in the India’s merchandise and non-petroleum export, also reflects an extensive growth in the production capacity of the India. The leap of 15.46% in merchandise and 12.9% in non-petroleum exports is an indicator of extensive growth. 

first published:June 2, 2022, 8:12 p.m.

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