What’s in the news?

• Government of India said that the country’s overall exports will cross 750 billion US dollar this year.
• Goods exports is expected to touch 450 billion dollar while exports in the service sector will reach 300 billion dollar this year.
• Last year it was at the level of 676 billion US dollar.
• Coal and petroleum imports are driving the rise in imports but overall rise in imports is a sign of healthy demand in the economy as 25% of the country’s imports are for consumer items, while 75 per cent are for raw materials.

Reference:

1. https://newsonair.gov.in/News?title=Over-all-exports-of-India-set-to-cross-750-billion-US-dollar-this-year&id=447064