India's trade deficit widens to $24 bn in December, exports fell 12%
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India's trade deficit in December 2022 widened to $23.89 billion as against $21.10 billion year-on-year (YoY).
Merchandise export also fell in December 2022 by 12 per cent to $34.48 billion as against $39.27 billion in the corresponding period of last year.
Imports in December 2022 also witnessed a fall to $58.24 billion as against $60.33 billion of the corresponding period of last year.
During April-December period of the current fiscal, India's overall exports rose 9 per cent to $332.76 billion.
Imports during the same period went up by 25 per cent to $551.7 billion.
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