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INDIA’S FOREIGN TRADE: JULY2020

Focus: GS-III Indian Economy

Why in news?

  • India’s overall exports (Merchandise and Services combined) in April-July 2020-21 showed a negative growth of (-) 21.99per cent over the same period last year.
  • Overall imports in April-July 2020-21 showed a negative growth of (-)
  • 40.66per cent over the same period last year.

Details

  • Major commodities which have recorded positive growth during July 2020 vis-à-vis July 2019 include Cereals, Rice, Iron Ores, Oil Seeds, Meat & Dairy Products and Fruits & Vegetables, etc.
  • Major commodities which have recorded negative growth during July 2020 vis-à-vis July 2019 are Petroleum products, Jewellery & Gems, Tobacco, Leather etc.
  • Major commodity groups of import showing negative growth in July2020 over the corresponding month of last year are Crude Oil and Non-Oil Imports, Machinery, etc.
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September 2022
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