Goods exports decline in July
Imports rose to $57.48 billion in July 2024, compared to $53.49 billion in July 2023.
Imports rose to $57.48 billion in July 2024, compared to $53.49 billion in July 2023.
Exports to Europe stood at $98.9 bn in FY24, a tad higher than $98.3 bn in FY23 and almost double of $50.4 bn in FY16, lowest exports reported in the past 10 years
The goods imports during the month showed a decline from $61.22 billion in December 2022 to $58.25 billion in December 2023.
India’s merchandise exports fell 12.6% to $34.66 billion in April 2023 from $39.70 billion in April 2022
India’s impressive export growth is led by petroleum products, but remains broad-based, raising hopes of a sustained rally.