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.
