I am delighted to share with you that merchandize exports have crossed the 'magic figure' of 100 billion dollars. In fact, they have touched the 'auspicious figure' of 101 billion dollars. The annual growth rate is 25 percent.
Our imports have grown 32 percent, and stand at 140 billion dollars – but 43 billion is our oil bill. Thus, our non-oil imports are 97 billion dollars, a full 4 billion lower than our exports. On the non-oil front, therefore, we have a positive balance of trade.
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Press Information Bureau Government of India
marketing@alchempro.com
