India’s January exports shrink 2.38% to USD 36.43 billion

New Delhi: India’s merchandise exports dipped by 2.38 per cent to USD 36.43 billion in January against USD 37.32 billion a year ago, according to government data released Monday.

Imports increased by 10.28 per cent to USD 59.42 billion last month compared to USD 53.88 billion in January 2024.

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The trade deficit, or the gap between imports and exports, stood at USD 22.99 billion during the month under review.

During the April-January period this fiscal, exports increased by 1.39 per cent to USD 358.91 billion and imports by 7.43 per cent to USD 601.9 billion.

PTI