Posted 3/2/2024, 2:04:01 AM
India's Exports Continue Strong Growth in February While Trade Deficit Narrows
- Merchandise exports grew 17.54% year-on-year in February 2024 to $2.57 billion
- Exports increased 9% to $20.35 billion in the first 8 months of FY24, indicating export-led industrial growth recovery
- Trade deficit narrowed 1.95% year-on-year in February to $1.71 billion
- Overall trade deficit decreased 30.18% to $14.87 billion in 8 months of FY24
- Imports rose 8.89% to $4.28 billion in February 2024 from $3.93 billion last year
