Wednesday, 08 May 2024

Exports shrink by 16.6% to $29.78 bn in Oct

According to Commerce Ministry data, imports though rose to $56.69 billion in October 2022 as against $53.64 billion in October 2021. In the April-October 2022 period, exports grew 12.55 per cent to $263.35 billion. Imports during the same period rose 33.12 per cent to $436.81 billion, the data showed.

IANS

New Delhi | Tuesday, 15 November 2022 | 08:29 PM 08:29 PM

Trade — *Exports shrink by 16.6% to $29.78 bn in Oct*

Font Size
- AbcSmall
- AbcMedium
- AbcLarge

India's exports shrank by 16.65 per cent to $29.78 billion in October 2022 against the corresponding period of last year.

According to Commerce Ministry data, imports though rose to $56.69 billion in October 2022 as against $53.64 billion in October 2021.

In the April-October 2022 period, exports grew 12.55 per cent to $263.35 billion.

Imports during the same period rose 33.12 per cent to $436.81 billion, the data showed.

Also read | For every rupee depreciation, software exports increase by $250 mn: SBI Chief Economic Advisor

Rising global inflation, Russia-Ukraine war, growing China-Taiwan crisis and supply chain disruptions have impacted economic growth worldwide, thus leading to shrinking demands.