India reported a record high merchandise trade deficit of US$ 37.84 billion in November 2024, up from US$ 27.14 billion the previous month, driven by an uncertain global environment, soaring gold imports, and falling oil prices. The country’s services exports, however, remained a bright spot. While services exports reached a...
India’s total exports in 2023-24 are estimated to have reached US$ 776.68 billion, growing marginally by 0.04% YoY amidst global challenges. However, service exports are projected to have grown by 4.39% YoY to reach US$ 339.62 billion in 2023-24. As we look ahead, the World Trade Organisation (WTO) forecasts a...
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