India’s RMG exports increased 16.42 per cent to $1,510.77 million in April 2022, compared to 1,297 million in the corresponding month last year. Exports of cotton yarn, fabrics, made-ups, handloom products, etc went up 5.05 per cent in April to $1,119.02 million as against $1.065.20 million in April last year.

India’s merchandise exports rose by 24.22 per cent to $38.19 billion in April this year against $30.75 billion in April last year. Merchandise imports increased by 26.55 per cent in April to $58.26 billion over $46.04 billion in April 2021. The trade deficit in April was $20.07 billion, according to the Ministry of Commerce and Industry . Value of non-petroleum exports grew 12.32 per cent in April 2022 to $30.46 billion over $27.12 billion in the same month last year.

Petroleum products exports grew by 113.21 per cent, electronic goods exports increased 64.04 per cent while chemicals exports increased by 26.71 per cent in April this year. The value of non-petroleum imports grew by 9.87 per cent to $38.75 billion in April, t over similar imports worth $35.27 billion in April last year.