India's export recovery may face challenges due to softening demand in developed markets, the Ministry of Finance stated in its monthly report on Monday.
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.
On the other hand, 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 to USD 63.24 billion so far in 2024-25, marking an increase of 5.36 per cent.
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Noida police nabs key accused in multi-crore land scam
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Season's coldest night was on Nov 21 when temperature settled at 10.2 degrees Celsius
Kerala High Court seeks state's response in plea for CBI probe into ADM Naveen Babu's death, calls for case diary
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