Goods exports dip 9.3%, imports up 3.2% in August
The dip in exports was primarily due to the decline in the value of petroleum products and gem and jewellery exports.
The dip in exports was primarily due to the decline in the value of petroleum products and gem and jewellery exports.
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.