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India's July exports up 2.8% at USD 62.4 billion, trade deficit widens to USD 9.6 billion
The Business Guardian
|August 15, 2024
India’s overall exports, merchandise and services combined, in July were to the tune of USD 62.42 billion, a 2.81 rise on a yearly basis, Commerce Ministry data showed on Wednesday. Same month last year it was USD 60.71 billion.
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Exports of merchandise goods declined from USD 34.49 billion to USD 33.98 billion and exports of services rose from USD 26.22 to USD 28.43 billion during the month.
India’s overall exports, merchandise, and services combined in June were to the tune of USD 65.47 billion.
During the first four months of 2024-25 (April-July), India’s total exports now stand at around USD 260 billion. The government has expressed optimism about reaching its full-year target of USD 800 billion.
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