India’s merchandise exports crash 12.69% in April

India merchandise exports slumped 12.69% year-on-year to US$ 34.66 billion in April, 2023.

New Delhi, May 15: Amid slowdown in major advanced economies, India merchandise exports slumped 12.69% year-on-year to US$ 34.66 billion in April, 2023.
India’s merchandise exports in April 2022 were valued at US$ 39.70 billion.

The data released by Commerce and Industry Ministry released on Monday showed India’s imports during April 2023 were US$ 49.90.

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The trade deficit in April 2023 stood at US$ 15.24 billion.