The government said on Friday that during the April to October period of this fiscal year, the United States again became India’s largest trading partner with bilateral merchandise trade of 67.41 billion. dollars. The United States has been India’s largest merchandise trade partner since 2018-19, except in 2020-21, when trade with America declined slightly due to the COVID pandemic -19, said Minister of State for Trade and Industry Anupriya Patel said in a written response to Rajya Sabha.
“During the period 2021-2022 (April-October), the United States once again became the largest trading partner with bilateral merchandise trade of $ 67.41 billion, representing 11.98% of total merchandise trade from India, ”she said.
She also said that India’s bilateral trade with Australia grew to $ 13.88 billion in 2021, from $ 7.48 billion in the corresponding period of 2020.
Likewise, bilateral trade with the United Arab Emirates increased to $ 49.06 billion in 2021, compared to $ 29.48 billion in 2020 for the same period.
“Bilateral trade with Belgium also increased to 13.70 USD in 2021, against 7.63 billion USD in 2020 for the same period,” she added.
In a separate response, Patel said the share of exports of goods and services in GDP increased to 18.7% in 2020-21, to over 18.4% in 2019-2020 and to 21.7% in 2021-22 (April-September) more than 19.4% in 2020-2021 (April-September).
In another response, she said India’s pulse imports declined slightly to 10 34,491 tonnes in the April to September period, compared to 10,39,861 tonnes in the same period last year. It was 24 66 156 tonnes in 2020-21 against 28 98 078 tonnes in 2019-20.
Asked whether it is true that the ministry has prepared a project to build a 5-star hotel in Pragati Maidan, Patel replied: “Yes”. Construction has not yet started, she said.
Responding to another question on reimbursement for exporters, she said that on November 25, on all applications for the export of goods from India (MEIS) applied for the period 2020-2021, certificates of credit of rights were issued for 97.3% of requests and 2.7%. 100 complaints are at various stages of the approval process.
“Completed MEIS requests are largely system driven, with the exception of some applications that require manual review, such as for exports from non-EDI (Electronic Data Interchange) ports. The elimination of pending applications also depends on compliance with the shortcomings by candidate exporters, ”she added.