NEW DELHI: India’s exports contracted by 15.88 per cent to $32.25 billion in July this 12 months from $38.34 billion in the identical month final 12 months, the federal government knowledge confirmed on Monday.
Imports in the course of the month additionally declined by 17 per cent to $52.92 billion from $63.77 billion in July 2022.
During April-July this fiscal, the exports dipped by 14.5 per cent to $136.22 billion.
Imports in the course of the interval additionally declined by 13.79 per cent to $213.2 billion.
Commerce secretary Sunil Barthawal stated that the worldwide headwinds are nonetheless there. There is decline in exports and imports of a number of nations.
