Exports under FTAs grew 23.9% year-on-year to USD 57.2 billion in April-July 2024
GK and monthly revision
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.
Source: Economic Times. This summary and analysis are AI-written from that report and are not individually fact-checked — confirm names, dates and figures with the source before you rely on them.
Revision structure
Monthly events and exam calendar context
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Quiz and mock-test revision path
Key points
Exam-ready takeaways
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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