India records highest-ever monthly exports at $37 billion in December

The preliminary data released by the commerce and industry ministry, India exported goods worth $37.29 billion in December, the highest ever in a month, as demand for items such as engineering products, petroleum items, and gems and jewellery continued to soar. India’s export has increased by 37 per cent from the figures of December 2020. The import has also increased by 38 per cent from last December. India’s exports of goods will cross 400 billion dollars in this fiscal year.

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According to the data:

• Shipments during April-December 2021 crossed $300 billion.
• Engineering goods export has grown by 37% over the last December while export of Gems and jewellery has increase by 15.8%.
• Readymade garments and cotton yarn export has grown by 22% and 46% over the last December respectively.
• India’s export of services during April-December 2021 was $178.81 billion.
• India will soon sign a free trade agreement (FTA) with the UAE to increase export.

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