Tag: goods export

NEW DELHI: Amid weak global demand and lower commodity prices, India’s goods exports fell 15.9% in July to $32.3 billion, marking the sixth straight month of decline. Imports contracted for the seventh straight month, decreasing 17% to $52.9 billion, helping narrow the trade deficit to $20.7 billion.With services exports growing 12% to $27.2 billion, commerce secretary Sunil Barthwal asserted that combined exports during the current financial year will be higher than 2022-23. “Globally, the headwinds, which we were expecting would improve, are still there. Most countries are reporting...