Share of petro products in exports touches record high at 21.2% in Apr-Aug

India's heavy dependence on energy exports have also boosted its overall merchandise exports

High international energy prices and cheaper crude oil sourced from Russia have lifted the share of India’s petroleum products in exports to their highest ever at 21.2 per cent during April-August.

India’s heavy energy exports have boosted its outbound merchandise shipments.

During April-August, while non-petroleum exports grew only 8.1 per cent, overall exports went up 17.68 per cent on account of petroleum products, which increased 76 per cent. In August, while non-petroleum exports contracted 1.8 per cent, overall outbound shipments went up 1.6 per cent, thanks to 22.8 per cent growth in petroleum exports. According to the disaggregated trade data