India's merchandise exports declined marginally in March to $41.68 billion, while for the entire 2023-24 it dipped 3.11 per cent to $437.06 billion, as geopolitical issues continued to hamper global shipments.
Imports, too, declined 5.98 per cent to $57.28 billion in March, taking the trade deficit to 15.6 billion during the month.
According to Commerce Ministry data released on Monday, the imports during FY24 stood at 677.24 billion, down 5.41 per cent from $715.97 billion in FY23.
The trade deficit or gap between imports and exports worked to be $240.17 billion.
Replying to a query on escalation of the crisis in the Middle east, Commerce Secretary Sunil Barthwal, who was briefing about the trade data, said the ministry was monitoring the situation and will take "appropriate action".
This story is from the April 16, 2024 edition of Millennium Post Delhi.
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This story is from the April 16, 2024 edition of Millennium Post Delhi.
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