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India's merchandise exports inch up 0.64% in April

IANS  |  New Delhi 

India's merchandise exports inched up 0.64 per cent, on a year-on-year basis in April, to $26.07 billion from $25.91 billion reported for the corresponding month of last year, official data showed on Wednesday.

As per the data furnished by the Ministry of Commerce and Industry, petroleum products, electronic goods, and drugs and showed high export growth during the month under review.

However, non-petroleum and non-gems and jewellery exports in April fell by 1.31 per cent to $19.54 billion from $19.80 billion.

On the other hand, imports grew by 4.48 per cent to $41.40 billion, from $39.63 billion reported for the corresponding month of 2018.

imports in April were $11.38 billion, which was 9.26 per cent higher in dollar terms, compared to $10.41 billion in April 2018," the ministry said.

"Non-imports in April 2019 were estimated at $30.02 billion which was 2.78 per cent higher in dollar terms, compared to $29.21 billion in April 2018."

On an overall basis, India's exports including merchandise and services in April are estimated to have grown by 1.34 per cent to $44.06 billion over April 2018.

"Overall imports in April is estimated to be $52.83 billion, exhibiting a positive growth of 4.53 per cent over April 2018," the ministry said.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 15 2019. 19:54 IST
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