The country’s overall merchandise exports remained in positive territory during the first nine months of 2022-23, with 9.1% year-on-year growth to $332.76 billion, although demand from markets such as China and Bangladesh fell sharply.

India’s goods exports in December declined by 12.2% to $34.48 billion on an annualised basis and imports fell by 3.46% to $58.24 billion, mainly due to global headwinds. The country’s overall merchandise exports remained in positive territory during the first nine months of 2022-23, with 9.1% year-on-year growth to $332.76 billion, although demand from markets such as China and Bangladesh fell sharply.

The estimated value of services export for December was $27.34 billion, up by 5.23% compared to $25.98 billion in the year-ago period. Services import rose by 4.14% to $15.56 billion against $14.94 billion in December 2021, according to provisional trade data released by the commerce ministry on Monday. The data for services trade is an estimation that will be revised on the Reserve Bank of India’s release of December data.

Source : hindustantimes.com/ For more details