India Trade Data: India’s exports have declined in April, the first month of the financial year 2023-24. Total exports in the month of April stood at $34.66 billion, which is 12.7 per cent lower than the same month last year when exports stood at $39.70 billion. There has also been a big decline in imports in the month of April.
According to the data released by the Ministry of Commerce, India’s import in April 2023 was $ 49.90 billion, which was $ 58.06 billion in April 2022 last year. The reason for the decline in imports The decline in imports of petroleum, crude, coal and coke is being considered as the main reason. If the exports of services are also added, then the total exports have been $ 65.02 billion in April 2023, which was $ 63.75 billion in April a year ago. Including services, imports in April 2023 have been $ 66.40 billion, which was $ 72.11 billion a year ago.
