Goods exports dip 3%, imports 5% in 2023-24

In the last financial year, India experienced a 3% decline in goods exports to $437 billion, alongside a 5.4% decrease in imports to $677 billion, leading to a narrowed trade deficit of $240 billion. With exports falling by 0.7% to $41.7 billion and imports decreasing by nearly 6% to $57.3 billion, the trade deficit for the month was the lowest since the previous May, standing at $15.6 billion.

Apr 16, 2024 - 05:30
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Goods exports dip 3%, imports 5% in 2023-24
In the last financial year, India experienced a 3% decline in goods exports to $437 billion, alongside a 5.4% decrease in imports to $677 billion, leading to a narrowed trade deficit of $240 billion. With exports falling by 0.7% to $41.7 billion and imports decreasing by nearly 6% to $57.3 billion, the trade deficit for the month was the lowest since the previous May, standing at $15.6 billion.

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