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    <title>Total exports of merchandise and services in FY 2024-25 begins with strong growth of 6.88%; estimated at USD 64.56 Billion in April 2024 as compared to USD 60.40 Billion in April 2023</title>
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    <description>Combined merchandise and services exports for April 2024 are estimated at USD 64.56 billion (6.88% growth year-on-year) while combined imports are estimated at USD 71.07 billion (12.78% growth), producing a larger trade deficit. Merchandise exports were USD 34.99 billion and merchandise imports USD 54.09 billion. Services exports are estimated at USD 29.57 billion and services imports at USD 16.97 billion; the services figures for April 2024 are provisional and subject to revision based on the RBI&#039;s subsequent release. Sectoral drivers include Electronic Goods, Chemicals and Pharmaceuticals, while multiple import sectors registered declines.</description>
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    <pubDate>Wed, 15 May 2024 16:40:29 +0530</pubDate>
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      <title>Total exports of merchandise and services in FY 2024-25 begins with strong growth of 6.88%; estimated at USD 64.56 Billion in April 2024 as compared to USD 60.40 Billion in April 2023</title>
      <link>https://www.taxtmi.com/news?id=27490</link>
      <description>Combined merchandise and services exports for April 2024 are estimated at USD 64.56 billion (6.88% growth year-on-year) while combined imports are estimated at USD 71.07 billion (12.78% growth), producing a larger trade deficit. Merchandise exports were USD 34.99 billion and merchandise imports USD 54.09 billion. Services exports are estimated at USD 29.57 billion and services imports at USD 16.97 billion; the services figures for April 2024 are provisional and subject to revision based on the RBI&#039;s subsequent release. Sectoral drivers include Electronic Goods, Chemicals and Pharmaceuticals, while multiple import sectors registered declines.</description>
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