India’s exports contract 1% to $38.01 billion in December-OxBig News Network

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India’s merchandise exports dipped by about one per cent to $38.01 billion in December 2024 against $38.39 billion a year ago, according to government data released on Wednesday (January 15, 2025).

Imports increased by 4.8% to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month.

The trade deficit, or the gap between imports and exports, stood at $21.94 billion during the month under review.

During April-December this fiscal, exports increased by 1.6% to $321.71 billion and imports by 5.15% to $532.48 billion.