India’s Trade Deficit in 2021-22

• The trade deficit of India rose by 87.5 percent from USD 102.63 billion in 2020-21 to USD 192.41 billion in 2021-22. 

• The total export in the last fiscal year touched a record margin of USD 417.81 billion, the imports for the same period imports too soared to touch USD 610.22 billion, thus, leaving USD 192.41 billion trade gap.

• The merchandise import of the country in the period April 2021 to March 2022 was USD 610.22 billion, which is a 54.71 percent increase from the time period of April 2020 to March 2021 which was recorded at USD 394.44 billion. 

• It is also a 28.55 percent increase from April 2019 to March 2020’s USD 474.71 billion.