According to the Ministry of Commerce & Industry data, India’s overall exports, combining Merchandise and Services, in April 2019 is estimated to be around 44 billion US dollars with a positive growth of 1.34% over April 2018.
Overall imports in April 2019 is estimated to be around 53 billion dollars with a positive growth of 4.5% over the corresponding period of 2018. Taking merchandise and services together, overall trade deficit for last month is estimated at around nine billion dollars as compared to around seven billion dollars in the same period in 2018.
Source- News on AIR
Static/Current Takeaways Important For SBI Mains 2019:
- Suresh Prabhu is the Minister of Commerce & Industry Ministry.