India's Dec YoY exports, imports rise over 38 pc

India's December merchandise exports rose to $37.81 billion, higher by 38.91 per cent on a year-on-year basis, official data showed on Friday. The data by the Ministry of Commerce and Industry showed that in comparison to December 2019, last month's exports rose by 39.47 per cent. 

"Non-petroleum and non-gems and jewellery exports in December 2021 were $28.92 billion, registering a positive growth of 29.67 per cent over non-petroleum and non-gems and jewellery exports of $22.30 billion in December 2020," the ministry said. 

In comparison to December 2019, non-petroleum and non-gems and jewellery exports in December 2021 registered a positive growth of 37.31 per cent. Similarly, India's merchandise imports in December 2021 increased by 38.55 per cent over last year to $59.48 billion from $42.93 billion.