Showing results for "#Imports"

India’s exports decline 9.3 pc to USD 34.71 bn in Aug

Imports increased by 3.3 per cent to USD 64.36 billion in August against USD 62.3 billion a year ago.

The latest data for the services sector released by the RBI is for November 2023. The data for December 2023 is an estimation by the ministry.

India’s engineering imports from Australia reached USD 355.02 million during April to October 2023-24.

While the DPIIT is coordinating action plans for 15 manufacturing sectors, the Department of Commerce is coordinating for 12 service sectors.

The exports, however, fell less sharply by 2.8 per cent to $33.90 billion from $34.89 billion a year ago.

Imports increased by 12.3 per cent to $65.03 billion in the month under consideration due to a jump in gold imports.

With this, Russia has become India’s second-largest import source during the first seven months of this fiscal.

India imports around 70 million tonnes of coking coal every year as domestic coking coal is of poor quality