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India's Total Exports Reach USD 468.27 Billion with 7.28% Growth in April-October 2024, According to MoC&I.

Economy Business | Dated: 20 Nov 2024

According to the data released by the Ministry of Commerce and Industry (MoC&I), India's total exports (Merchandise and Services combined) for October 2024 are estimated at USD 73.21 billion, showing a positive growth of 19.08% from October 2023.

🎯 Key Highlights:

  • - Total imports (Merchandise and Services combined) for October 2024 are estimated at USD 83.33 billion, attaining a growth of 7.77% from October 2023.
  • - Cumulative exports during April-October 2024 are projected to be USD 468.27 billion, showing a growth of 7.28%.
  • - Cumulative imports during April-October 2024 are estimated at USD 531.51 billion, increasing by 7.05%.

💡 Other Important Facts:

  • (i) Services exports in October 2024 are valued at USD 34.02 billion while imports are at USD 17 billion compared to October 2023.
  • (ii) From April to October 2024, services exports are estimated at USD 215.98 billion and imports at USD 114.57 billion.
  • (iii) The services trade surplus for April to October 2024 is expected to be USD 101.41 billion, higher than USD 89.64 billion in 2023.

📚 Test Your Knowledge:

Recently, according to the Ministry of Commerce and Industry (MoC&I), India's total exports during April-October 2024 reached which amount?

Correct Answer: USD 468.27 Billion

🚀 Quick Recap: