Exports fall for 3rd mth on trot by 12.7% in April; trade deficit at 20-month low
The Free Press Journal|May 16, 2023
India's exports contracted by 12.7 per cent, third month in a row, to USD 34.66 billion in April even as the trade deficit reduced to a 20-month low of USD 15.24 billion, the government data showed on Monday.
Exports fall for 3rd mth on trot by 12.7% in April; trade deficit at 20-month low

The decline in exports is mainly on account of poor demand in India's key destinations -- the Europe and the US -- and it may take some more months for the situation to improve.

The demand scenario is "not looking very good as far as Europe is concerned, and the US also we have seen a decline in demand. For the next 2-3 months, I think the demand scenario does not look very optimistic," DGFT (Director General of Foreign Trade) Santosh Kumar Sarangi told reporters here.

However, he expressed hope that things would change from September onwards.

هذه القصة مأخوذة من طبعة May 16, 2023 من The Free Press Journal.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة May 16, 2023 من The Free Press Journal.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

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