On Friday, government data showed that India’s exports fell 6.86 percent in August this year to USD 34.48 billion, compared to USD 37.02 billion in the same month last year.
Imports fell 5.23 percent to USD 58.64 billion, down from USD 61.88 billion recorded in August 2022.
The country’s trade imbalance was USD 24.16 billion between April and August of the current fiscal year.
Imports declined 12 percent to USD 271.83 billion over the five-month period.
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