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On a month-on-month basis, India’s exports rise to $38.01 billion in December 2024, compared with 32.11 billion in the previous month of November.
During April-December this fiscal, exports increase by 1.6 per cent to $321.71 billion and imports by 5.15 per cent to $532.48 billion.
India’s merchandise exports dipped by about one per cent to $38.01 billion in December 2024 as compared with $38.39 billion a year ago, according to the latest government data released on Wednesday. Imports increased by 4.8 per cent to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month.
The trade deficit, or the gap between imports and exports, stood at $21.94 billion during the month under review.
“On a month-on-month basis, India’s exports rose to $38.01 billion in December 2024, compared with 32.11 billion in the previous month of November. Imports fell from $69.95 billion (less possibly $5 billion due to double reporting of gold imports) to $59.95 billion. On a month-on-month basis, the trade deficit fell from $37.84 billion (less $5 billion probably) to $21.94 billion for the month of December 2024,” said Anil Kumar Bhansali, head of treasury and executive director of Finrex Treasury Advisors LLP.
During April-December this fiscal, exports increased by 1.6 per cent to $321.71 billion and imports by 5.15 per cent to $532.48 billion.
