ENA Economy 2023-04-14 14:10:55 <p><span style="font-size:14px"><strong>New Delhi, Apr 14 (KNN)</strong> Exceeding the export target of USD 750 billion, India has clocked in exports worth USD 778 billion in the financial year 2022-2023, announced the Commerce Ministry on Thursday.</span></p> <p><span style="font-size:14px">India's trade deficit increased by 46.05 per cent y-o-y in last FY, the ministry said.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">While overall import is estimated to have exhibited a growth of 17.38 per cent to USD 892.18 billion, said the official statement.</span></p> <p><span style="font-size:14px">Petroleum exports grew by USD 27 billion y-o-y whereas the export of engineering goods saw a y-o-y fall of USD 5.12 billion in last fiscal.</span></p> <p><span style="font-size:14px">The overall export growth for the fiscal under review was 13.84 per cent Y-o-y. Also, as many as 45 principal commodities showed positive growth in exports in value and volume in the last financial year.</span></p> <p><span style="font-size:14px">On the other hand during the fiscal merchandise imports witnessed an annual rise of USD 111 billion.</span></p> <p><span style="font-size:14px">Gold imports dropped by 11.15 per cent during the year while there was a 47 jump in petroleum imports.</span></p> <p><span style="font-size:14px">Meanwhile, India UK FTA's round nine of negotiations is scheduled from April 24 to 28. <em><strong>(KNN Bureau)</strong></em></span></p> 32974 https://knnindia.co.in/news/newsdetails/economy/indias-exports-beat-750-bn-target-in-fy23-trade-deficit-expands-commerce-ministry 2023-04-14 14:10:55 knnindia.co.in