Present foreign trade of India

India’s real GDP  at current prices stood at Rs. 135.13 lakh crore (US$ 1.82 trillion) in FY21, as per the provisional estimates of annual national income for 2020-21.  India’s trade and external sector had a significant impact on the GDP growth as well as expansion in per capita income.

  • According to data from the Ministry of Commerce and Industry, India’s overall exports between April 2021 and June 2021 were estimated at US$ 147.64 billion (a 50.24% YoY increase), while overall imports were estimated at US$ 156.58 billion (80.75% YoY increase).
  • Merchandise exports stood at US$ 95.39 billion , while imports touched US$ 126.15 billion in the same period.The estimated value of services export and import between April 2021 and June 2021* stood at US$ 52.25 billion and US$ 30.44 billion, respectively.