Indian goods exports hit an eight-month low, plunging 22.02% YoY, while imports fall 17.5% - Logistics Insider

Indian goods exports have hit an eight month low, declining 22.02% year-over-year to $32.97 billion, while imports fell 17.5% to $53.1 billion. This is the seventh time in the last nine months that exports have declined, with June experiencing the sharpest dip. The goods trade deficit for June fell 8.8% to $20.13 billion. Export promotion councils have reported inventories are winding down and orders are picking up, offering hope for exporters' future prospects. Despite the decline in imports, analysts argue the trade deficit remains at a manageable level.

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