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India's exports under free trade pacts grew faster than imports in April-July: Piyush Goyal
India's exports under free trade agreements grew 23.9% to USD 57.2 billion in April-July 2024, outpacing imports and narrowing the trade deficit with FTA partners from USD 34.2 billion to USD 32.6 billion. Overall merchandise exports reached USD 173.8 billion. Commerce Minister Piyush Goyal highlighted improved utilization of trade pacts, signaling stronger export competitiveness and better integration with partner economies.
Exam-ready takeaways
- Exports under FTAs grew 23.9% year-on-year to USD 57.2 billion in April-July 2024
- Trade deficit with FTA partner countries narrowed from USD 34.2 billion to USD 32.6 billion
- Overall merchandise exports for April-July 2024 reached USD 173.8 billion
- Statement made by Union Commerce & Industry Minister Piyush Goyal
- Indicates improved utilization and effectiveness of India's free trade agreements
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Fill the missing fact
Try the gap before opening the answer. These exercises use the report’s own wording; they are practice prompts, not past exam questions.
India's exports under free trade agreements grew 23.9% to USD [ … ] in April-July 2024, outpacing imports and narrowing the trade deficit with FTA partners from USD 34.2 billion to USD 32.6 billion.
Reported answer: 57.2 billion
India's exports under free trade agreements grew 23.9% to USD 57.2 billion in April-July 2024, outpacing imports and narrowing the trade deficit with FTA partners from USD 34.2 billion to USD 32.6 billion.
Overall merchandise exports reached USD [ … ].
Reported answer: 173.8 billion
Overall merchandise exports reached USD 173.8 billion.
Exports under FTAs grew 23.9% year-on-year to USD [ … ] in April-July 2024
Reported answer: 57.2 billion
Exports under FTAs grew 23.9% year-on-year to USD 57.2 billion in April-July 2024
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