Imports of coal and coke jump!!
India's Export: Export boomed in May as well, reached here with an increase of 24 percent
Significantly, in April-May 2022-23, imports increased by 45.42 percent to $ 123.41 billion. In April, India's exports of goods increased by 24.22 percent to $ 38.19 billion. Crude oil imports rose 81.21 percent to $19.5 billion in April.
There has been good growth in India's exports in the month of May as well. According to government data, overall exports grew 24 percent to $62.21 billion. In this, India's merchandise exports increased by 20.55 percent to $ 38.94 billion in May 2022, while the trade deficit has increased to a record $ 24.29 billion.
If we look at the figures, in May, imports increased by 62.83 percent to $ 63.22 billion. The cumulative exports during the April-May month of the current financial year (2022-23) grew by almost 25 percent to $78.72 billion. Significantly, in April-May 2022-23, imports increased by 45.42 percent to $ 123.41 billion.
In April, India's exports of goods increased by 24.22 percent to $ 38.19 billion. Crude oil imports rose 81.21 percent to $19.5 billion in April. Besides, imports of coal and coke jumped to $4.8 billion in the first month of FY 2022-23 from $2 billion in the same month a year ago.