SLACKENING EXPORTS, NO IMMEDIATE CONCERNS ON THE CAD FRONT
- Credit Rating Agency in India
- Economy Overview
- SLACKENING EXPORTS, NO IMMEDIATE CONCERNS ON THE CAD FRONT
With exports falling by 2.38%, India's merchandise trade deficit swelled from $23.5 billion in July to $29.65 billion in August 2024. India's merchandise exports declined to $34.71 billion in August from $38.28 billion in August 2023, while imports rose from $62.30 billion in August 2023 to $64.36 billion. The cumulative overall exports during April-August 2024, however, rose to $374.33 billion as against $350.11 billion in the corresponding period of the previous year.