6 key takeaways from India's trade data

Published by: Priyanka Deshpande

India's trade deficit surged to a 5-month peak of $22.12 billion as global commodity prices dropped, leading to a 5-6 percent decline in imports and exports amid economic slowdown.

Here's a look 6 key takeaways from India's latest trade data

Exports and imports have been falling in nearly equal measure for past 5 months

#1

Exports and imports have been falling mostly due to lower commodity prices

#2

Data does not show fall in exports Month-on-Month (MoM); Hence no signs of global slowdown yet  

#3

Import data shows sharp increase Month-on-Month (MoM) indicating that the Indian industry is on a very strong wicket

#4

Services exports slipping since January levels

#5

Trade deficit which had become negligible has shot up to double digits like in 2022

#6

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