India’s merchandise exports fell 17% to $29.78 billion in October amid global slowdown and Ukraine-Russia crisis, commerce ministry data released on Tuesday showed.
Refrains from joining regional blocs as it sees them impediment to its industrial aspirations
However, the country’s merchandise export in April-September 2022-23 was at USD 229.05 billion, an increase of 15.54% over USD 198.25 billion in April-September 2021-22.
Imports during May 2022 grew by 62.83 per cent to USD 63.22 billion. Petroleum and crude oil imports during May 2022 surged 102.72 per cent to USD 19.2 billion.
Services also fared well and grew 50% on-year. Overall exports - merchandise and services combined in April - registered a growth of 38.90%, at $67.79 bn.
The 'Sabyasachi + Starbucks' collection will feature a range of lifestyle drinkware including ceramic mugs and stainless-steel tumblers, said a joint statement.