India’s exports in last fiscal year estimated at USD 535.45 bn: Commerce Ministry

India’s exports in last fiscal year estimated at USD 535.45 bn: Commerce Ministry

New Delhi [India]: India’s overall exports (Merchandise and Services combined) in April-March 2018-19 are estimated to be USD 535.45 billion, exhibiting a positive growth of 7.97 percent over the same period last year, the Ministry of Commerce and Industries said in a statement.

However, overall imports in April-March 2018-19 too are estimated to exhibit a positive growth of 8.4 per cent over the same period last year. The imports for this period are valued at USD 631.29 billion.

“Exports in March 2019 were USD32.55 billion, as compared to USD 29.32 billion in March 2018, exhibiting a positive growth of 11.02per cent. In Rupee terms, exports were Rs. 2,26,138.76 crore in March 2019, as compared to Rs. 190,619.25Crore in March 2018, registering a positive growth of 18.63per cent,” the Ministry”>Commerce Ministry statement further said.

Cumulative value of exports for the period April-March 2018-19 was USD331.02 billion (Rs.23,14,429.08Crore) as against USD303.53 billion (Rs.19,56,514.53 crore) during the period April-March 2017-18, registering a positive growth of 9.06 percent in dollar terms (18.29per cent in Rupee terms).