India’s merchandise exports increased by 1% to USD 34.99 billion in April 2024

Current Context: India’s merchandise exports in April 2024 did increase by 1% to USD 34.99 billion, up from USD 34.62 billion in April 2023.

• This growth was driven by various sectors including Electronic Goods, Organic & Inorganic Chemicals, Petroleum Products, and Drugs & Pharmaceuticals.
• Here are some additional details:
• Electronic goods exports increased by 25.8% from USD 2.11 billion in April 2023 to USD 2.65 billion in April 2024.
• Exports of Organic and Inorganic Chemicals increased by 16.75% from USD 2.14 billion in April 2023 to USD 2.50 billion in April 2024.
• Drugs and pharmaceuticals exports increased by 7.36% from USD 2.26 billion in April 2023 to USD 2.43 billion in April 2024.
• Petroleum products exports were up by 3.10% from USD 6.42 billion in April 2023 to USD 6.62 billion in April 2024.

Question:

Q.1 What was the percentage increase in India’s merchandise exports in April 2024 compared to April 2023?
a. 0.5%
b. 2%
c. 1.5%
d. 1%