India’s Exports Grow 9.34% in August to Over $69 Billion, Driven by Electronics and Pharma

India’s total exports (Merchandise and Services) for August this year is estimated at over 69 billion US dollar, registering a positive growth of 9.34 percent as compared to the same month last year. The Commerce and Industry Ministry said that the major drivers of merchandise exports growth include Electronic goods, Engineering goods, Gems and jewellery, Petroleum products and Drugs and Pharmaceuticals.
 
 
The Electronic Goods exports have increased by around 26 per cent from 2.32 billion US dollar in August 2024 to 2.93 billion US dollar in August this year. The Ministry said, India’s cumulative exports during April to August this year is estimated at over 349 billion US dollars, registering a positive growth of 6.18 percent. The Ministry said, the total imports during the same period is estimated at over 390 billion US dollars, registering a growth of 2.49 percent.