Economy

According to the latest data from the industry association Society of Indian Automobile Manufacturers (SIAM), passenger car exports from India surged by 43% in FY22, a total of 5,77,875 units. In FY22, Maruti Suzuki India (MSI) topped the vertical, with Hyundai Motor India and Kia India coming in second and third. Utility vehicle exports increased by 46% to 2,01,036 units. Van exports increased to 1,853 units in FY22, up from 1,648 units in FY21.

India’s Sugar Exports witnessed an astounding growth of 291% from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. As per DGCI&S data, India exported sugar to 121 countries across the globe.

In March 2022, India’s exports increased 19.76% to US$ 42.22 billion, thanks to strong growth in sectors like petroleum products, engineering, and leather, while imports increased by 24.21% to US$ 60.74 billion, meaning the trade deficit during the month widened to US$ 18.51 billion. This was the first time that India’s monthly merchandise exports exceeded US$ 40 billion.

A World Food Program-backed initiative to deliver millet seeds to vulnerable people is taking root in Odisha, India, where it is helping to ward off hunger and improve livelihoods.