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India’s trade deficit improved in 2023-24, but it needs to watch its FTAs to fix persistent imbalances.
May 31, 2024

India’s trade deficit improved in 2023-24, but it needs to watch its FTAs to fix persistent imbalances.
India’s overall exports reached USD 778.2 billion in 2023-24, compared to USD 776.4 billion in 2022-23. While the country’s merchandise exports dipped by 3 percent to USD 437.06 billion, services exports rose to USD 341.1 billion, registering a growth of 4.8 percent over the previous year. 
    
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