NEW DELHI : India’s export recovery may face challenges due to softening demand in developed markets, the Ministry of Finance stated in its monthly report recently. Merchandise exports registered moderate growth during the first seven months of 2024-25, attributed to weak external demand and a decline in international commodity prices.
Merchandise imports performed well, driven by strong domestic demand. A larger increase in imports compared to exports resulted in a widening trade deficit. The trade deficit–the difference between exports and imports–expanded from USD 60.02 billion . . .
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