Left Menu
Development News Edition

India's exports up 1.34 pc in April to 44 billion US dollars

ANI | New Delhi | Updated: 15-05-2019 22:13 IST | Created: 15-05-2019 19:20 IST
India's exports up 1.34 pc in April to 44 billion US dollars
Image Credit: Pexels

India's exports in April 2019 grew 1.34 per cent to 44.06 billion US dollars while imports jumped 4.53 per cent to 52.83 billion US dollars in the year-on period, the government said on Wednesday. The trade deficit for April 2019 is estimated at 8.78 billion dollars as compared to 7.07 billion dollars in April 2018, according to a statement by the Ministry of Commerce and Industry.

Merchandise exports last month totalled 26.07 billion dollars as compared to 25.91 billion the same month of last year, registering a positive growth of 0.64 per cent. In rupee terms, exports increased by 6.45 per cent to Rs 181,021 crore from Rs 1,70,053 crore. The major commodity group of export was petroleum products, electronic goods, organic and inorganic chemicals, readymade garments of all textiles, drugs, and pharmaceuticals.

The imports of merchandise goods totalled 41.40 billion dollars (Rs 287,433 crore), up 4.48 per cent higher in dollar terms and 10.52 per cent in rupee terms. In April 2018, the imports were 39.63 billion dollars (Rs 260,085 crore). Oil imports were 11.38 billion dollars (Rs 78,989 crore), 9.26 per cent higher in dollar terms (15.58 per cent higher in rupee terms), compared to 10.41 billion dollars (Rs 68,344 crore) in April 2018.

Non-oil and non-gold imports were 26.05 billion dollars in April 2019, recording a negative growth of 2.19 per cent compared to 26.63 billion dollars in the year-on period. For services, the exports were estimated at 17.98 billion dollars, up 2.39 per cent, while imports were 11.43 billion dollars, up 4.73 per cent.



Domestic seafood trade in focus as COVID-19 changes market dynamics

As predicted earlier in a report titled Seafood industry post-COVID 19 An overhaul to trigger the growth of small fisheries, one of the changes going ahead would be increased focus on domestic seafood trade, driven by falling exports and su...

Migration post-COVID 19: Taking cues from the past to rebuild economies

Migrants are an irreplaceable part of even the essential workforce of developed countries and are on the frontline in the fight against the crisis, making an immeasurable contribution to saving the lives of natives with voting rights....

Socialization Post-COVID-19: Local associations and online groups to play crucial role

Though every age group is suffering due to the global lockdown caused by the ensuing COVID-19 pandemic, the challenges before adolescents are unique. Their social space has shrunk drastically, besides, they have become highly vulnerable to ...

Pharma post-COVID 19: Reducing political clout can alter business models

Powerful governments that have historically supported the pharma industry in enforcing global intellectual property rules are changing course and introducing legislation that can override normal patent rights during emergencies....


Latest News

Huntsmen defeat Ravens to win CDL Seattle

The Chicago Huntsmen defeated the London Royal Ravens 3-1 on Sunday to cap off Week 8 action in the Call of Duty League, Seattle home series. The win culminated a dominating weekend for the Huntsmen, who won 12 of 15 games in the mini-tourn...

PRESS DIGEST-Financial Times - May 25

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. HeadlinesProject Birch plan to bail out stricken UK companies httpson.ft.com3eeNJSN Aston Martins chief ...

Japan looking to end Tokyo's state of emergency, eyes fresh $930 bln stimulus

Japan is looking to lift a state of emergency for Tokyo and remaining areas still facing restrictions while also considering fresh stimulus worth almost 1 trillion to help companies ride out the coronavirus pandemic, Nikkei reported on Mond...

Golf-Woods and Manning beat Mickelson and Brady in charity match

Tiger Woods and Peyton Manning held off a late challenge to beat Phil Mickelson and Tom Brady 1Up in a charity golf match in Florida on Sunday that raised 20 million for COVID-19 relief efforts.Woods, a 15-times major champion, and two-time...

Give Feedback