India’s exports declined by 6.86 per cent to USD 34.48 billion in August 2023 as in opposition to USD 37.02 billion in the identical month in 2022, in line with the federal government knowledge on Friday (September 15).
The imports additionally noticed a dip of 5.23 per cent to USD 58.64 billion in August this 12 months as in opposition to USD 61.88 billion recorded in August final 12 months, the info confirmed.
The commerce deficit of the nation in August was recorded at USD 24.16 billion.
During April-August this fiscal, exports contracted by 11.9 per cent to USD 172.95 billion. Imports through the five-month interval dipped by 12 per cent to USD 271.83 billion.
(With PTI inputs)
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