India’s Exports Rise in November: Commerce and Industry Ministry

New Delhi:  India’s total exports (merchandise and services combined) during November 2024 are estimated at $67.79 billion, registering a growth of 9.59 per cent vis-a-vis November 2023, the Commerce and Industry Ministry announced on Monday. 

The cumulative value of merchandise exports during April-November 2024 was $284.31 billion, as compared to $278.26 billion during April-November 2023, registering a positive growth of 2.17 per cent.

However, merchandise exports during November 2024 were $32.11 billion as compared to $33.75 billion in November 2023, registering a marginal decline. This was largely due to the drop in petroleum exports.

Non-petroleum merchandise exports in November touched $28.40 billion which represents a 7.75 per cent increase in comparison with $26.36 billion in November 2023, according to official figures.

The major drivers of merchandise export growth in November 2024 include electronic goods, engineering goods, rice, marine products and ready-made garments of all textiles despite the geopolitical tensions which have disrupted shipping.

Electronic goods exports increased by 54.72 per cent from $2.24 billion in November 2023 to $3.47 billion in November 2024. Engineering goods exports increased by 13.75 per cent from $7.82 billion in November 2023 to $8.90 billion in November 2024. (IANS)

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