Posted 1/3/2024, 2:09:10 AM
India's Exports Hit 18-Month High in December While Trade Deficit Narrows
- Exports in December 2022 rose 22% year-over-year to $2.82 billion, an 18-month high
- Exports in July-December 2022 period up 5.17% versus same period last year to $14.98 billion
- Imports fell 12.25% year-over-year in December 2022 and 16.28% in July-December 2022 period
- Trade deficit narrowed 34.29% year-over-year in July-December 2022 period to $11.14 billion
- Caretaker Commerce Minister aims to increase monthly exports to $8 billion through new export promotion policies