• Home
  • National News
  • India’s merchandise exports fell 12 pc in Dec, trade deficit at $23.76 bn
Economies | India's merchandise exports fell 12 pc in Dec, trade deficit at $23.76 bn

India’s merchandise exports fell 12 pc in Dec, trade deficit at $23.76 bn

New Delhi, Jan 16 (UNI) Economies | Amid slowdown in major advanced economies, India’s merchandise exports slumped 12 per cent year-on-year to US$ 34.48 billion in December 2022. (Economies)

Merchandise imports value during December 2022 stood at US$ 58.24 billion as compared to US$ 60.33 billion in the corresponding month of 2021. The trade deficit during December 2022 stood at US$ 23.76 billion.

On cumulative basis, merchandise exports during April-December period of the current fiscal stood at US$ 332.76 billion as against US$ 305.04 billion in the corresponding period of the previous year registering a growth of 9.09 per cent.

Total merchandise imports during April-December period were US$ 551.70 billion as against US$ 441.50 in the same period previous year recording a growth of 25 per cent.

Following the Russia-Ukraine war, most advanced countries have seen high inflation as commodity prices rose sharply. As central banks raised interest rates to check inflation, growth prospects dimmed. Most international agencies and economists have predicted a tough 2023 from an economic point of view.

Join our Telegramfacebook page and Twitter for every update

BJP National executive meeting to begin today, PM to hold roadshow

Sepoy Amit Sharma cremated with full state honours in Hamirpur village

Priyanka Gandhi to address rally in debut visit to Bengaluru

Urvashi Rautela touches megastar Chiranjeevi’s feet at Waltair Veerayya success event netizens impressed

Releated Posts

Ten Hindu Pilgrims Killed in Bus Attack in Jammu’s Reasi District

Reasi: In a tragic incident, at least 10 Hindu pilgrims lost their lives and over 30 sustained injuries…

ByBynageshsuryaJun 10, 2024

Dagger Division and Dagger Parivaar School in Collaboration with Indrani Balan Foundation, Pune, Welcome Master Burhan Back with Open Arms

Baramulla : Indian Army’s Dagger Division and the Indrani Balan Foundation, Pune, are thrilled to announce the joyous…

ByByjivan123Mar 23, 2024

Pune: Former President Pratibha Patil’s Health Normal, Will Be Discharged From Hospital Tomorrow; Close Aide Ends Speculations About Her Health Status

Pune: Former President Pratibha Patil was admitted to Bharti Hospital in Pune because of minor pain in her…

ByByjivan123Mar 14, 2024

Stay alert & vigilant: Arunachal Guv to security forces

Itanagar, Dec 30 (UNI)- Arunachal Pradesh Governor Lt General (Retd) KT Parnaik on Saturday visited the border post…

ByBynageshsuryaDec 30, 2023

Leave a Reply

Economies | India's merchandise exports fell 12 pc in Dec, trade

Discover more from पोलीसनामा (Policenama)

Subscribe now to keep reading and get access to the full archive.

Continue reading