India’s exports declined to $34.48 billion in December 2022 as against $39.27 billion in the same month the previous year, according to data released by the government on Monday. This was a drop of 12.2 per cent year-on-year.
The data, released by the commerce ministry, also showed that the country’s imports in December 2022 dropped to $58.24 billion as against $60.33 billion in the same month the previous year.
During April-December this fiscal, the country’s exports rose by 9 per cent to $332.76 billion. Imports during the period increased by 24.96 per cent to $ 551.7 billion.
