India's Exports Contract 1% in December 2024
India's merchandise exports declined by 1% to USD 38.01 billion in December 2024, while imports rose by 4.8% to USD 59.95 billion. The trade deficit widened to USD 21.94 billion.
New Delhi, Jan 15 (PTI) India's merchandise exports dipped by about one per cent to USD 38.01 billion in December 2024 against USD 38.39 billion a year ago, according to government data released on Wednesday.
Imports increased by 4.8 per cent to USD 59.95 billion in December 2024 compared to USD 57.15 billion in the year-ago month.
The trade deficit, or the gap between imports and exports, stood at USD 21.94 billion during the month under review.
During April-December this fiscal, exports increased by 1.6 per cent to USD 321.71 billion and imports by 5.15 per cent to USD 532.48 billion.
Imports increased by 4.8 per cent to USD 59.95 billion in December 2024 compared to USD 57.15 billion in the year-ago month.
The trade deficit, or the gap between imports and exports, stood at USD 21.94 billion during the month under review.
During April-December this fiscal, exports increased by 1.6 per cent to USD 321.71 billion and imports by 5.15 per cent to USD 532.48 billion.
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