2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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17%
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14%
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21%
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5%
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Detailed explanation-1: -India’s exports contracted by 16.65 per cent to $29.78 billion in October 2022 as compared to the year-ago period, according to data released by the commerce ministry on Tuesday.
Detailed explanation-2: -The goods deficit increased $6.1 billion in October to $99.6 billion. The services surplus increased $2.1 billion in October to $21.4 billion.
Detailed explanation-3: -India’s trade deficit widened to $26.91 billion in October of 2022 from $25.71 billion in September, compared to market expectations of a $26 billion gap. Exports fell to $29.78 billion from $35.45 billion in the previous month, the lowest since February 2021.
Detailed explanation-4: -India’s overall export (Merchandise and Services combined) of USD 61.82 Billion in December 2022. The exports exhibited a negative growth of (-) 5.26 per cent over the same period last year.
Detailed explanation-5: -India’s merchandise exports shrunk 16.7% year-on-year to $29.8 billion in October 2022. The country’s merchandise imports surged 5.3% to $55.88 billion as compared to $53.03 billion a year before.