India's Exports Fall 6.58% In January, Trade Deficit At 12-Month Low Of $17.75 Billion | CNBC-TV18

Описание: Falling for the second consecutive month, India’s exports declined 6.58 per cent to $32.91 billion in January 2023 due to slowdown in global demand, even as the trade deficit touched a 12-month low of $17.75 billion during the month, according to official data released on Wednesday.

Imports in January also contracted 3.63 per cent, the second consecutive month, to $50.66 billion.

For the April-January 2022-23 period, India’s merchandise exports rose 8.51 per cent to $369.25 billion, while imports increased 21.89 per cent to $602.20 billion, the data showed. The merchandise trade deficit for the period stood at about $233 billion.

The country’s exports had contracted by 12.2 per cent to $34.48 billion in December 2022. Last time, it was in January 2022, when the trade deficit touched $17.42 billion. Export sectors that recorded negative growth during the 10-months period of this fiscal include engineering goods, iron ore, plastic and linoleum, gems and jewellery.

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