CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the total amount of India’s exports this year, as stated by Commerce and Industry Minister Piyush Goyal on March 28th?
A
US$ 750 billion
B
US$ 850 billion
C
US$ 650 billion
D
US$ 700 billion
Explanation: 

Detailed explanation-1: -Goyal. Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Shri Piyush Goyal announced that India’s overall exports, that includes services and merchandise exports, have crossed US$ 750 Billion today.

Detailed explanation-2: -India’s overall exports in April 2023 estimated at USD 65.02 billion; a positive growth of 2 percent. India’s overall exports (Merchandise and Services combined) in April 2023* is estimated to be USD 65.02 Billion, exhibiting a positive growth of 2.00 per cent over April 2022.

Detailed explanation-3: -March 2023 services exports data: Despite global headwinds, India’s goods and services exports showed significant growth. As per the government’s preliminary estimates released in mid-April, the country’s services exports in March were $27.75 billion, while services imports were $14.05 billion.

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