Indian exports fall 6.58% to $32.91 billion in January


January imports also fell 3.63% to $50.66 billion.

Indian export dataThe January trade deficit was $17.75 billion. (file image)

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India’s exports fell 6.58% to US$32.91 billion in January from US$35.23 billion in the same month last year, according to data released Wednesday by the Department of Commerce.

The January trade deficit was US$17.75 billion.

Imports also fell 3.63% in January to $50.66 billion, compared to $52.57 billion in the same month last year.

However, from April to January of this financial year, the country’s merchandise exports increased by 8.51% to reach $369.25 billion.

Imports during the period increased by 21.89% to US$602.2 billion.

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