India’s exports contract 1% to USD 38.01 bn in Dec; trade deficit narrows to USD 22 bn
New Delhi, Jan 15 (PTI) India’s exports in December 2024 contracted for the second month in a row by about one per cent year-on-year to USD 38.01 billion due to global uncertainties, while the trade deficit narrowed to USD 21.94 billion. According to the commerce ministry data, imports rose by about 5 per cent year-on-year to USD 59.95 billion in December. Cumulatively, during April-December this fiscal, exports recorded a growth of 1.6 per cent to USD 321.71 billion and imports by 5.15 per cent to USD 532.48 billion. Trade deficit, the difference between imports and exports, during April-December widened to