According to data released by the Press Information Bureau of India, the country’s total exports are estimated to reach $65.47 billion in June 2024. This is a 5.4 percent increase in exports from June 2023.
The government report said that the total imports to the country are estimated at $73.47 billion in June 2024, which is a 6.29 percent increase in imports from June 2023.
The report said that the growth in exports in June 2024 is being driven by engineering goods, electronic goods, drugs and pharmaceuticals, coffee, and organic and inorganic chemicals.
The engineering goods sector is expected to continue its growth in the coming months. The exports from this sector are projected to reach $9.39 billion in June 2024, which is a 10.27 percent increase from June 2023. The exports from the electronic goods sector are expected to reach $2.82 billion in June 2024, which is a 16.91 percent increase from June 2023.
The exports from the drugs and pharmaceutical sector are expected to reach $2.47 billion in June 2024, which is a 9.93 percent increase from June 2023. The exports from the coffee sector are expected to reach $0.20 billion in June 2024, which is a 70.02 percent increase from June 2023. The exports from the organic and inorganic chemicals sector are expected to reach $2.29 billion in June 2024, which is a 3.32 percent increase from June 2023.