India’s foreign trade is expanding

For the first time, India’s foreign trade exceeded $1 trillion, with imports hitting $600 billion in fiscal 2021-2022, a record high. India’s total exports brought in $418 billion, breaking the $400 billion mark for the first time.

What does India export?

The biggest sales are those of petroleum products, precious stones, and jewelry and chemicals, according to data released by the Indian government on April 3, 2022. The 5 countries that buy the most Indian goods are the United States, the United Arab Emirates, China, Bangladesh and the Netherlands.

The unemployment rate is falling

India’s Economic Monitoring Center said the unemployment rate was falling. It fell from 8.10% in February 2022 to 7.6% in March 2022, a sign that the economy is returning to normal.

The rest shortly…

Brief dated April 6, 2022

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