March 2024 update:
India’s overall exports(merchandise and services combined) during March 2024 is estimated at USD 70.21 Billion, reduced by 3% compared to USD 72.40 during March-23.
Monthly merchandise export during March-24 is USD 41.68 Billion compared to USD 41.96 Billion during March 23.
The estimated value of service export during March 24 is at USD 28.54 Billion, decreased by 6% compared to USD 30.44 Billion during March 23.
Overall trade deficit improved by 35.77% from USD 121.6 Billion in FY23 to USD 78.12 billion in FY24.
Coffee exports continue to increase significantly up by 42% during March and 16% for FY24.
Rice exports reduced by -2% during March.
Marine products continue to remain negative.
Iron ore exports down by -27% during March( previous few quarters iron ore exports had grown significantly)
Ceramic products exports were flat during the month.
Pharma exports continue to grow 14%for the month and 13% during FY24.
Chemicals exports rose by 41% during March.
Engineering and electronic exports continue to grow.
RMG of textile exports had the 2nd consecutive month of positive growth.
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