India’s merchandise exports dip 1 percent to $38.01 billion in December 2024, while imports rise 4.8 percent, leading to a widened trade deficit.
India’s merchandise exports fell by approximately 1 percent in December 2024, reaching $38.01 billion, compared to $38.39 billion in the same month last year, as per government data. Imports, however, saw a notable increase of 4.8 percent, rising to $59.95 billion from $57.15 billion in December 2023. This resulted in a trade deficit of $21.94 billion for the month.
For the April-December period of the current financial year, exports showed a modest growth of 1.6 percent, totaling $321.71 billion. Meanwhile, imports rose by 5.15 percent to $532.48 billion, further widening the trade gap. The continued rise in imports alongside the dip in exports highlights the ongoing trade imbalance faced by the country.
