India's Exports Grow in February 2024, But Soaring Gold Imports Widen Trade Deficit
- India's merchandise exports grew 12% year-on-year to $41.4 billion in February 2024
- Services exports grew 17.3% to $32.15 billion in February
- Engineering goods exports rose 15.9% and electronic goods exports grew 55% in February
- Gold imports jumped 134% year-on-year to $6.15 billion in February
- India recorded a trade deficit of $18.71 billion in February 2024
