India's Merchandise Trade
Merchandise exports remained buoyant and clocked double-digit growth for thirteenth successive month in March 2022 and reached US$ 418 billion in 2021-22 surpassing the target of US$ 400 billion.
Import of capital goods increased robustly in February. All categories of imports, however has risen even faster, leading to merchandise trade deficit at an annual level of US $ 192 billion in 2021-22 or 6.1 percent of GDP.
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