Indian exports decline 12.22% YoY to $34.48 billion in December: Govt knowledge

India’s exports declined to $34.48 billion in December 2022 as in opposition to $39.27 billion in the identical month the earlier yr, in response to knowledge launched by the federal government on Monday. This was a drop of 12.2 per cent year-on-year.

The info, launched by the commerce ministry, additionally confirmed that the nation’s imports in December 2022 dropped to $58.24 billion as in opposition to $60.33 billion in the identical month the earlier yr.

Throughout April-December this fiscal, the nation’s exports rose by 9 per cent to $332.76 billion. Imports throughout the interval elevated by 24.96 per cent to $ 551.7 billion.

(With company inputs)