New Delhi, Aug. 3 -- India has achieved merchandise export of USD 35.24 billion in July 2022, almost at similar levels of USD 35.51 billion in July 2021.

The gap between exports and imports recorded at USD 31.02 billion has tripled from the USD 10.63 billion reported in July last year.

Commenting on the data, FIEO President, Dr A Sakthivel said, "Exports of July indicates a strong factor of resilience in the exports sector despite measures to control inflation and the continued disruptions of supply chains due to Covid and Russia-Ukraine conflict."

"Signs of a likely slowdown in exports can been seen as global inventories are pretty high and the merchandise exports is facing the triple blow as there is again a shift in consumption from...