Question: Consider the following statements :-
- India’s physical exports stood at $37.29 billion in December 2021.
- India’s physical exports stood at $299.74 billion in April-December 2021.
Which of the above statements is/are correct–
(a) 1 only
(b) 2 only
(c) 1 and 2
(d) neither 1 nor 2
Answer—(c)
Related facts—
- On 3 January 2022, Union Commerce and Industry Minister Piyush Goyal presented India’s trade data for December 2021.
- Key points —
- India’s merchandise export in December 2021 was USD 37.29 billion, the highest ever monthly achievement, which shows an increase of 37.0% over USD 27.22 billion in December 2020 and an increase of 37.55% over USD 27.11 billion in December 2019
- India’s merchandise export in April-December 2021 was USD 299.74 billion, an increase of 48.85% over USD 201.37 billion in April-December 2020 and an increase of 25.80% over USD 238.27 billion in April-December 2019
- The trade deficit in December 2021 was USD 21.99 billion, while it was 143.97 billion USD during April-December 2021.
- Value of non-petroleum exports in December 2021 was 31.67 USD billion, registering a positive growth of 27.31% over non-petroleum exports of USD 24.88 billion in December 2020 and a positive growth of 34.92% over non-petroleum exports of USD 23.48 billion
- Value of non-petroleum imports was USD 43.37 billion in December 2021 with a positive growth of 30.22% over non-petroleum imports of USD 33.31 billion in December 2020 and a positive growth of 50.20% over non-petroleum imports of USD 28.88 billion in Dece
- Value of non-oil, non-GJ (gold, silver & Precious metals) imports was USD 35.57 billion in December 2021 with a positive growth of 34.68% over non-oil and non-GJ imports of USD 26.41 billion in December 2020 and a positive growth of 47.75% over non-oil an
By – Pankaj Pandey