India's exports exceed $100 billion in September quarter

Business Sunday 03/October/2021 16:15 PM
By: ANI
India's exports exceed $100 billion in September quarter
Photo used for illustrative purpose only

New Delhi: India's exports for the first time exceeded the $100 billion mark in the quarter ending September, said the Ministry of Commerce and Industry on Saturday.

A total of $101.89 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 $33.44 billion, as compared to $33.28 billion in August and $35.17 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 $400 billion for the financial year.

"First half of financial year is $197 billion, $400 billion for the year should be achievable," said the ministry.

Data issued by the Ministry of Friday stated that the value of non-petroleum exports in September 2021 was $28.53 billion, registering a positive growth of 18.72 per cent over non-petroleum exports of $24.03 billion in September 2020 and positive growth of 26.32 per cent over non-petroleum exports of $22.59 billion in September 2019.

Ministry further said that the cumulative value of non-petroleum exports in April-September 2021 was $169.13 billion, an increase of 48.87 per cent over $113.61 billion in April-September 2020 and an increase of 22.64 per cent over $137.91 billion in April-September 2019.

The value of non-petroleum and non-gems and jewellery exports in September 2021 was $25.29 billion, registering a positive growth of 18.59 per cent over non-petroleum and non-gems and jewellery exports of $21.33 billion in September 2020 and positive growth of 33.14 per cent over non-petroleum and non-gems and jewellery exports of $19.0 billion in September 2019.

The cumulative value of non-petroleum and non-gems and jewellery exports in April-September 2021 was $149.84 billion, an increase of 42.82 per cent over the cumulative value of non-petroleum and non-gems and jewellery exports of $104.92 billion in April-September 2020 and an increase of 26.29 per cent over the cumulative value of non-petroleum and non-gems and jewellery exports of $118.65 billion in April-September 2019.

The ministry also said that the top 10 major commodity groups, covering more than 80 per cent of total exports, have shown positive growth in September 2021 over the corresponding month of the previous year.