Bharat Express

Exports

India's Trade Deficit Reaches Lowest Point in 21 Months at $1.38 Billion

Many import deals have been scrapped or put on hold in recent years, including the plan to buy 33 fighter aircraft from Russia, high caliber guns for the Navy from the US, high altitude long endurance drones

Over the last two years, India's exports have surged by more than $200 billion, owing to a surge in software, mobile exports, and agricultural and petroleum products.

In 2022–2023, India's exports to the UAE increased by 11.8% to USD 31.3 billion, while its imports increased by 18.8% to USD 53.2 billion.