India's exports exceed 100 billion-dollar in September quarter: Report

Business
Oct 04 2021 10:01 AM
P C Thomas

India's exports exceed 100 billion-dollar in September quarter: Report

The Ministry of Commerce and Industry in its report on Saturday said,India's exports for the first time surpassed the USD100 billion mark in the quarter ending September. As per details, A total of USD101.89 billion in exports was reported in the country during the said quarter.

As per an official statement issued by the ministry, India's exports in September 2021 stood at USD33.44 billion, as compared to USD33.28 billion in August and USD35.17 billion in July.
In the first half of the financial year 2021-22, exports from India reached USD 197 billion. The government is aiming at USD400 billion for the financial year."First half of financial year is USD197 billion, USD400 billion for the year should be achievable," said the ministry.

Data further indicated that the value of non-petroleum exports in September 2021 was USD28.53 billion, registering a positive growth of 18.72 percent over non-petroleum exports of USD24.03 billion in September 2020 and positive growth of 26.32 percent over non-petroleum exports of USD22.59 billion in September 2019. It added that the cumulative value of non-petroleum exports in April-September 2021 was USD169.13 billion, an increase of 48.87 percent over USD113.61 billion in April-September 2020 and an increase of 22.64 percent over USD137.91 billion in April-September 2019.

The value of non-petroleum and non-gems and jewellery exports in September 2021 was USD25.29 billion, registering a positive growth of 18.59 percent over non-petroleum and non-gems and jewellery exports of USD21.33 billion in September 2020 and positive growth of 33.14 percent over non-petroleum and non-gems and jewellery exports of USD19.0 billion in September 2019. The ministry also said that the top 10 major commodity groups, covering more than 80 percent of total exports, have shown positive growth in September 2021 over the corresponding month of the previous year.