Exports contracts 2.38%; trade deficit widens to $23 bn

PTI

New Delhi, Updated At : 04:01 AM Feb 19, 2025 IST

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India’s exports declined for the third month in a row in January, falling by 2.38 per cent year-on-year to USD 36.43 billion, while the trade deficit widened to USD 22.99 billion in the month.

Imports rose by 10.28 per cent year-on-year to USD 59.42 billion in January due to an increase gold shipments. The Commerce Secretary said India’s exports are doing better in both goods and services sectors.

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