Once again, the slowdown in export growth has raised concerns
According to figures released by the Ministry of Commerce and Industry, growth in India's exports slowed in January after a record surge in exports of goods in December. However, despite an increase in Omicron cases worldwide, it has been above ૩ 50 billion for the 11th consecutive month. Merchandise exports in January grew by 6.5 per cent to 2.7 billion, compared to the same period last year, as global demand for Indian products continued to grow. Exports of engineering goods, petroleum products, gems and jewelery, organic and inorganic chemicals, medicines and pharmaceuticals remained strong. However, exports declined by 7.5 per cent over the previous month. In the first 10 months of the current financial year, India's merchandise exports stood at 2.7 billion, up 3 per cent from the same period last year. The government has set an export target of 200 billion for the fiscal year 205. Imports are also steadily rising. The country imported 21.7 billion, an increase of 2.4 per