India’s January 2023 trade deficit stood at $17.03 billion and $19.8 billion in December 2023. A Reuters poll of economists had pegged the figure at $20 billion.
Merchandise exports in January rose 3.12 per cent on an annual basis to $36.92 billion, up from $35.8 in the same month a year ago. Merchandise exports in December were $38.45 billion.
Meanwhile, merchandise imports in January were $54.41 billion, up 3 per cent year-on-year. Merchandise imports figure in December stood at $58.25 billion.
In January, services exports were $32.80 billion, while imports were $16.05 billion. In December, services exports were $27.88 billion and imports were $13.25 billion.
Services exports in January were $32.80 billion and imports were $16.05 billion in January. In December, services exports and imports were $27.88 billion and $13.25 billion respectively.During April-January FY24, exports dropped 4.89 per cent to $353.92 billion while imports slipped 6.71 per cent to $561.12 billion.Barthwal said despite global uncertainties, “we have” recorded positive growth.
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