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Textiles, jewellery, pharmaceutical, electronic products face export challenges
The Business Guardian
|November 26, 2024
India's export recovery may face challenges due to softening demand in developed markets, the Ministry of Finance stated in its monthly report on Monday.
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Merchandise exports registered moderate growth during the first seven months of 2024-25, attributed to weak external demand and a decline in international commodity prices.
On the other hand, merchandise imports performed well, driven by strong domestic demand. A larger increase in imports compared to exports resulted in a widening trade deficit.
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