India’s overall exports (Merchandise and Services combined) in September 2022* are estimated to be USD 61.10 Billion, exhibiting a positive growth of 10.24 per cent over the same period last year. Overall imports in September 2022* are estimated to be USD 76.26 Billion, exhibiting a positive growth of 10.73 per cent over the same period last year.

Table 1: Trade during September 2022*

* Note: The latest data for services sector released by RBI is for August 2022. The data for September 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-September2021 and April-June 2022 has been revised on pro-rata basis using quarterly balance of payments data.

Fig 1: Overall Trade during September 2022*

• India’s overall exports (Merchandise and Services combined) in April-September 2022* are estimated to be USD 382.31 Billion, exhibiting a positive growth of 21.03 per cent over the same period last year. Overall imports in April-September 2022* are estimated to be USD 469.47 Billion, exhibiting a positive growth of 37.77 per cent over the same period last year.

Table 2: Trade during April-September 2022*

* Note: The latest data for services sector released by RBI is for August 2022. The data for September 2022 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for April-September2021 and April-June 2022 has been revised on pro-rata basis using quarterly balance of payments data.

Fig 2: Overall Trade during April-September 2022*

MERCHANDISE TRADE

• Merchandise exports in September 2022 were USD 35.45 Billion, as compared to USD 33.81 Billion in September 2021, exhibiting a positive growth of 4.82 per cent.
• Merchandise imports in September 2022 were USD 61.16 Billion, which is an increase of 8.66 per cent over imports of USD 56.29 Billion in September 2021.
• The merchandise trade deficit in September 2022 was estimated at USD 25.71 Billion as against USD 22.47 Billion in September 2021, which is an increase of 14.42 per cent.

Fig 3: Merchandise Trade during September 2022

• Merchandise exports for the period April-September 2022 were USD 231.88 Billion as against USD 198.25 Billion during the period April-September 2021, registering a positive growth of 16.96 per cent.
• Merchandise imports for the period April-September 2022 were USD 380.34 Billion as against USD 274.50 Billion during the period April-September 2021, registering a positive growth of 38.55 per cent.
• The merchandise trade deficit for April-September 2022 was estimated at USD 148.46 Billion as against USD 76.25 Billion in April-September 2021, which is an increase of 94.69 per cent.

Fig 4: Merchandise Trade during April-September 2022

• Non-petroleum and non-gems & jewellery exports in September 2022 were USD 24.22 Billion, registering a negative growth of (-) 4.58 per cent over non-petroleum and non-gems & jewellery exports of USD 25.38 Billion in September 2021.
• Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 37.71 Billion in September 2022 with a positive growth of 20.64 per cent over Non-petroleum, non-gems & jewellery imports of USD 31.26 Billion in September 2021.

Table 3: Trade excluding Petroleum and Gems & Jewellery during September 2022

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 5: Trade excluding Petroleum and Gems & Jewellery during September 2022

• Non-petroleum and non-gems & jewellery exports during April-September 2022 was USD 160.00 Billion, an increase of 6.41 per cent over non-petroleum and non-gems & jewellery exports of USD 150.37 Billion in April-September 2021.
• Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports were USD 223.99 Billion in April-September 2022, recording a positive growth of 35.18 per cent, as compared to Non-petroleum, non-gems & jewellery imports of USD 165.70 Billion in April-September 2021.

Table 4: Trade excluding Petroleum and Gems & Jewellery during April-September 2022

Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

Fig 6: Trade excluding Petroleum and Gems & Jewellery during April-September 2022

SERVICES TRADE

• The estimated value of services export for September 2022* is USD 25.65 Billion, exhibiting a positive growth of 18.72 per cent vis-a-vis September 2021 (USD 21.61 Billion).
• The estimated value of services import for September 2022* is USD 15.10 Billion exhibiting a positive growth of 20.00 per cent vis-à-vis September 2021 (USD 12.58 Billion).
• The services trade balance in September 2022* is estimated at USD 10.56 Billion, which is an increase of 16.94 per cent over September 2021 (USD 9.03 Billion).

Fig 7: Services Trade during September 2022*

• The estimated value of services export for April-September 2022* is USD 150.43 Billion, exhibiting a positive growth of 27.88 per cent vis-a-vis April-September 2021 (USD 117.63 Billion).
• The estimated value of services imports for April-September 2022* is USD 89.13 Billion exhibiting a positive growth of 34.54 per cent vis-à-vis April-September 2021 (USD 66.25 Billion).
• The services trade balance for April-September 2022* is estimated at USD 61.30 Billion as against USD 51.39 Billion in April-September 2021, which is an increase of 19.30 per cent.

Fig 8: Services Trade during April-September 2022*

Table 5: Export Growth in Commodity Groups in September 2022

Sl. No.	Commodities	(Values in Million USD)		% Change
		SEP'21	SEP'22	SEP'22
	Commodity groups exhibiting positive growth
1	Electronic Goods	1168.11	2009.07	71.99
2	Tobacco	77.23	125.24	62.16
3	Petroleum Products	5195.49	7429.84	43.01
4	Oil seeds	50.32	59.11	17.47
5	Gems & Jewellery	3235.20	3793.85	17.27
6	Coffee	82.75	94.24	13.89
7	Fruits & Vegetables	235.26	266.08	13.10
8	Tea	77.52	85.91	10.82
9	Leather & leather products	384.83	419.37	8.98
10	Cereal preparations & miscellaneous processed items	180.36	194.15	7.65
11	Mica, Coal & Other Ores, Minerals including processed minerals	397.28	426.32	7.31
12	Drugs & Pharmaceuticals	2055.40	2196.32	6.86
13	Spices	309.94	330.46	6.62
14	Marine Products	678.44	720.98	6.27
15	Organic & Inorganic Chemicals	2373.29	2443.50	2.96
16	Rice	779.81	792.50	1.63
17	Oil Meals	62.09	62.26	0.27
Sl. No.	Commodities	(Values in Million USD)		% Change
		SEP'21	SEP'22	SEP'22
	Commodity Groups exhibiting negative growth
18.	Iron Ore	82.59	2.72	-96.71
19	Cotton Yarn/Fabs./made-ups, Handloom Products etc.	1310.49	799.57	-38.99
20	Cashew	36.66	22.71	pib.gov.in
17 Oct, 2022 Government wheat stock 11 pc higher than buffer norm as on Oct 1. According to Food Ministry data, the government's wheat stock is 11% higher than the buffer standard, at 227.46 lakh tonne at the beginning of the month. Nevertheless, the state-run Food Corporation of India (FCI) has a five-year dip in wheat supply due to a 57% drop in purchasing caused by a decrease in production and forceful purchasing by traders for export purposes.   Rice stocks are double the buffer level, at 283.9 lakh tonne as of October 1. According to the buffer standard, the government should keep 205.2 lakh tonne of wheat and 102.5 lakh tonne of rice on hand as of October 1. The buffer stock is kept in order to meet demand from welfare schemes and emergencies.   According to a senior Food Ministry official, wheat stocks are now adequate. The government's wheat procurement fell to 187.92 lakh tonne in the 2022-23 marketing year (April-May) from 433.44 lakh tonne the preceding year, owing primarily to aggressive personal purchasing, though domestic output dropped sharply by 3%.   The steep decline in procurement compelled the government to prohibit wheat exports in order to increase local availability and limit price increases. According to the agriculture ministry's fourth advance estimate, wheat production will fall to 106.84 lakh tonne in the 2021-22 crop year (July-June) from 109.59 lakh tonne the preceding year.   Sowing of new wheat crops will accelerate in the coming days.  Source:  economictimes.indiatimes.com
17 Oct, 2022 Wheat flour exports from India allowed under advance authorisation scheme. The Indian government has decided to allow exports of wheat flour - under the advance authorisation scheme - by export oriented units and firms in special economic zones (SEZs).   These organisations can only export wheat flour made from imported wheat and not flour made from domestically procured wheat, according to the Directorate General of Foreign Trade (DGFT).   The move comes after wheat processors had earlier approached the government seeking import permission, in a bid to export value-added products.   An advance authorisation scheme allows duty-free import of inputs, which have to be mandatorily used in products that are required to be exported within a specified time. They are not allowed to sell the products in the domestic market.   Amending a August 27 notification, the DGFT said, 'to the extent that export of wheat flour will be allowed against advance authorisation, and by export oriented units and units in SEZs, to be produced from imported wheat and without procurement of domestic wheat.'   On May 13, India banned wheat exports in a bid to check high prices amid concerns of wheat output being hit by a scorching heat wave. Later, in August, the government also prohibited exports of wheat flour, maida, semolina and wholemeal aata.   India's wheat exports stood at an all-time high of 7 million tonnes, valuing $2.05 billion, in 2021-22 fiscal on better demand for Indian wheat from overseas.   Demand for Indian wheat has increased since the war between Russia and Ukraine broke out, as both countries are major exporters of wheat, accounting for around one-fourth of the global wheat trade. Wheat flour exports from India have registered a growth of 200 per cent during April-July 2022 compared to the corresponding period of 2021.  Source:  economictimes.indiatimes.com
17 Oct, 2022 Karnataka plans uniform brand name for FPOs produce. The Karnataka government will soon come out with a uniform brand name, tag line and logo for products of FPOs (farmer producer organisations) in the state, according to MV Venkatesh, Chairman of the Action Group for Uniform FPO Branding.   Speaking on the sidelines of a programme organised by Laghu Udyog Bharati in Udupi on Friday, he told businessline that the aim is to come out with a uniform brand name for FPO products from the state. The would help promote and sell FPO produce directly to consumers.   The Government had crowdsourced the brand name, tag line and logo for the plan, and around 250 names had been received so far. The Government was also seeking the help of writers and poets to suggest a good brand name.   A Government committee will select the top 10 names from the list and submit them to the Chief Minister and the Agriculture Minister, to finalise a brand name. The selected name will be used as a mother brand name to promote and market all products of FPOs in Karnataka, he said.   Asked about the time frame for the finalisation of the brand name, he said the Government is planning to come out with a brand name in another two months.   The name should connect with the people of the state, country, and across the world, he said.   The Government plans to promote and market non-perishable products of FPOs, including millets, spices and honey, in the initial phase. Other products will be added in subsequent phases, he said.  Source:  thehindubusinessline.com
17 Oct, 2022 Matter best left to trade Ministers, says Ministry of External Affairs on UK pact. The MEA has India and UK are conducting negotiations over the proposed FTA and the matter is best left to the two Trade Ministers. 'Ongoing negotiations...best matter is left to trade ministers of the two countries', MEA spokesperson told reporters on India UK FTA that has hit roadblock among other issues over UK Home Secretary's remarks over illegal migrants. There were earlier plans by PM Narendra Modi to travel to the UK if the trade pact is sealed around Diwali and this seems a challenging task currently.   Last week, the Indian-origin Home Secretary said that she feared a trade deal with India would increase migration to the UK when Indians already represented the largest group of visa overstayers. This has riled Indian policymakers. 'I have concerns about having an open borders migration policy with India because I don't think that's what people voted for with Brexit,' Braverman told 'The Spectator' weekly news magazine.   Asked about visa flexibility for students and entrepreneurs under an India-UK FTA, she said: 'But I do have some reservations. Look at migration in this country - the largest group of people who overstay are Indian migrants.'   'We even reached an agreement with the Indian government last year to encourage and facilitate better cooperation in this regard. It has not necessarily worked very well.' Braverman was referencing the Migration and Mobility Partnership (MMP) clinched by her predecessor in the Home Office, former Home Secretary Priti Patel.   The Indian High Commission in London responded by pointing out that action had been initiated on all cases referred to it under the MMP. The Department for International Trade (DIT) reiterated the UK stance that it would not sacrifice quality for speed.  Source:  economictimes.indiatimes.com
17 Oct, 2022 Focus on self-reliance in production of smart proteins at summit. A two-day summit on plant-based food 'Smart Protein Summit' hosted by the Good Food Institute India (GFI India) concluded here with focus on self-reliance (atma nirbhar) in production of such proteins.   According to the experts, the last two years have seen encouraging developments in smart protein technologies, startups, and investments, as consumer appetite for sustainable alternatives to conventional animal proteins continues to grow.   The Indian smart protein ecosystem has grown at a remarkable rate - from just a handful of stakeholders to a thriving sunrise sector with 50+ startups, 80+ supporting companies, investments poised to grow exponentially, and policy advancements beginning to take clear shape.   Beyond producers, smart protein has the potential to improve dietary choices and nutrition for consumers as well, feel experts.   Present on the occasion, Dr. Sudhanshu, Secretary, APEDA, said, 'Our citizens have the right to safe food. When we innovate with new products, they should be accessible to the common masses. Smart protein also provides a new platform for entrepreneurs to prosper and this way India can keep pace with global trends.'   The summit held in collaboration with the Federation of Indian Chambers of Commerce & Industry (FICCI) and with support from the Ministry of Food Processing Industries (MoFPI), the Agricultural and Processed Food Products Export Development Authority (APEDA), and India’s Food Safety and Standards Authority of India (FSSAI) Eat Right India initiative.   Also present on the occasion were Varun Desphande, president, GFI Asia, Siraj Hussain, FICCI advisor and former secretary, MoFPI, GoI, Siraj Azmat Chaudhry, past chair, National Committee on Food Processing, FICCI, and former chairman, Cargill India, and Chairman, NCML.  Source:  fnbnews.com
17 Oct, 2022 Global branding push for 400 items to boost exports. Around 400 products, including Banarasi Zardozi, Gir Kesar Mango, Firozabad Glass, Kancheepuram Silk, Kangra Paintings and Araku Valley Arabica Coffee, are set to get a global branding push as India seeks to promote them globally to boost their exports.   The Department for Promotion of Industry and Internal Trade (DPIIT) plans to hold roadshows, car shows, product demonstrations and free product trials for products tagged with Geographical Indications (GI), as part of the plan   'This is a part of a larger plan to explore the export potential of GI products,' a government official told ET.   As of July, 420 products were granted GI registration, of which around 150 GI-tagged products are agricultural and food products, and almost 240 are handicrafts and handloom.   The DPIIT wants to promote these in a focussed manner and an extensive plan is being drawn up on the lines of One-District One-Product scheme to provide much-needed support for their exports.   Celebration of GI Day, GI fair and a GI awareness campaign are also being discussed to develop a premium brand for Indian GI products and promote them as niche items having their reputation linked with the geographic region to which they belong.   India has exported Naga Mircha (King Chilli) from Nagaland, Black Rice from Manipur and Assam Lemon to the UK, three GI varieties of Mango (Fazli, Khirsapati, and Laxman Bhog) from West Bengal and one GI variety of Mango (Zardalu) from Bihar to Bahrain and Qatar.   DPIIT plans to rope in professional agencies for the GIs of India programme, and onboard brand ambassadors and influencers from celebrities and renowned personalities.  Source:  economictimes.indiatimes.com
17 Oct, 2022 We need to be Aatmanirbhar in Krishi to build an Aatmanirbhar India: MoS Kailash Choudhary. Indian Council of Agricultural Research (ICAR) under Ministry of Agriculture and Farmers Welfare, Government of India conducted the XXVI Meeting of ICAR Regional Committee -II comprising the States of West Bengal, Odisha, Telangana, Andhra Pradesh and the Union Territory of Andaman & Nicobar Islands today at ICAR-National Rice Research Institute, Cuttack.   Addressing the inaugural session in virtual mode, Union Minister of State for Agriculture and Farmers Welfare, Shri Kailash Choudhary said, there is a need to intensify our research and development activities and ensure that it reaches out to our farmers at the ground level. 'In order to increase the farmers' income, we need to decrease their loan burden, provide developed seeds, create market linkage and storage facilities. States need to work proactively at the field level, the Centre is always there to provide assistance,' he said.   Stressing on the importance of Natural Farming, the Minister said that there is a need to shift from chemicals, fertilisers based farming.  'Technology needs to be extended to our farmers. Only research can't do it alone, the end product of the research needs to reach the farmer,' he added.   The minister said that we need to be Aatmanirbhar in Krishi, then only India will become Aatmanirbhar. He wished the participants and said that the outcome of the meeting will definitely go a long way in helping our agriculture sector.   He also emphasized that such type of review is essential not only to examine the progress, but to pin-point the problems and chalk out the possible solutions. States like Odisha, West Bengal, Andhra Pradesh and Telangana are becoming highly affected by the adverse climatic conditions. Therefore, new climate-smart technologies for the farmers should be developed. He claimed that until the agricultural activities are taken as a commercial venture, one can’t reap full potential benefits and get remunerative returns.   Secretary, Department of Agricultural Research & Education (DARE)&Director General (DG), ICAR, Dr. Himanshu Pathak stated the objectives of the programme and emphasized that in spite of COVID-19 pandemic, India’s exports of Agricultural and Processed Food products increased by 13% as compared to previous year. However, the share in world export of food product is only about 3% due to low level of processing and lower value addition. Also low level of processing is reflected in the composition of India’s food export basket which essentially consists of primary produce like rice, flour, sugar, meat, fish, etc. He also expressed his concern about the low productivity of this region due to various reasons like poor soil quality, low use of fertilizer, insect-pest infestation and high dependence on monsoon rainfall.   Dr. RK Singh, ADG (CC&FFC), ICAR welcomed all the dignitaries and Dr. B.C. Patra, Director of ICAR-NRRI, Cuttack and Member Secretary, RCM-II offered the vote of thanks in the inaugural programme. After the inaugural session was over, State-wise problems and research needs/development issues were discussed during the technical session. Action Taken Report (ATR) with respect to the issues finalized during earlier meeting were deliberated and discussion made to prepare a roadmap for the development of agriculture including animal husbandry, dairy, fisheries, natural resource management and human resource development in the region. This meeting will help to establish the link between ICAR and state governments for identifying state specific problems related to agricultural and allied aspects and offering suitable solutions through achievements and accomplishments of the National Agricultural Research System (NARS) of the concerned states within specific timeline.   The ICAR has set up eight Regional Committees on the basis of agro-climatic regions. The purpose of the Regional Committee is to provide a forum to the researchers and the State Government functionaries to examine the major gaps in the current research and training efforts in agriculture, animal husbandry and fisheries; to identify priorities; and to decide agenda of research and extension education in different agro-ecological regions of the country for the coming two years. A research agenda of national relevance in the areas of agricultural technology assessment, refinement and transfer is set up for discussion in the regular meetings of the Regional Committee, which is held once in two years.  Source:  pib.gov.in
17 Oct, 2022 Jaishankar visit: India, Egypt explore opportunities in energy, trade & investment. India and key Arab state of Egypt on Saturday decided to explore opportunities in new and renewable energy; trade and investment, education, tourism and connectivity and agreed to promote independent thinking in a polarised world.   'Will explore opportunities in new and renewable energy; trade and investment, education, tourism and connectivity,' Foreign Minister S Jaishankar tweeted following hai meeting with his Egyptian counterpart in Cairo.   India also extended India’s support to Egypt for its COP27 Presidency.   'Recognised our exchanges in defence and security; capacity building; economic and commercial domains, including in IT, energy, pharma & health, agriculture, infrastructure, chemical, cyber security and SMEs,' Jaishankar tweeted giving flavour of his dialogue.   Jaishankar further pointed out that bilateral cooperation in multilateral forums remains robust. He also welcomed Egyptian participation in G20 next year and in BRICS New Development Bank and SCO.   'As states active in shaping global debates, discussed developments in our regions and exchanged views on Ukraine conflict and Indo-Pacific. A polarized world needs independent thinking and voices of reason,' Jaishankar tweeted.   India-Egypt defence ties have received big boost this year and Jaishankar’s visit to Cairo was preceded by that of Defence Minister Rajnath Singh.   Egypt has been one of India’s largest trading partners in Africa and the promotion of bilateral trade, India-Egypt trade touched a record high of $7.26 billion during FY2021-22, and Indian investments in Egypt exceed $3.15 billion. More than 50 Indian companies are present in Egypt in a range of sectors such as manufacturing, chemicals, energy, infrastructure and retail.  Source:  economictimes.indiatimes.com
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