🍨Overall trade balance for September 2021 stood at a negative $14.43 billion. It was $4.23 billion in September 2020.
India's overall exports in September this year, inclusive of merchandise and services combined, rose 21.44 per cent to $54.06 billion on a year-over-year basis, as per the latest data revealed by the ministry of commerce. Overall imports for the same time period grew 70 per cent to reach $68.49 billion.
🌱Overall trade balance for September 2021 stood at a negative $14.43 billion. It was $4.23 billion in September 2020.
🦩Compared to September 2019, which is the period before the pandemic began in 2020, overall exports and imports grew by 26.03 per cent and 44.11 per cent respectively.
🃏Further, oil imports in the same time period rose to $17.44 billion in dollar terms. This is almost a three-fold rise compared to September 2020 when it stood at $5.83 billion.
🤡The trade deficit widened to $22.59 billion in September 2021 compared to $2.96 billion in the year-ago period.