Encouraging Export Trends Amid Global Uncertainty

Commerce and Industry Minister Piyush Goyal expressed positivity about India's export performance in January, despite global economic challenges. While he did not reveal specific figures, it follows December's 1.87% export growth and a trade deficit rise to USD 25 billion. Official figures are due February 15.

Commerce and Industry Minister Piyush Goyal expressed optimism regarding India's export performance in January, despite the backdrop of global economic challenges. Although specific numbers were not disclosed, the trend is reported as 'highly' positive.

India's merchandise exports saw a 1.87% increase in December, reaching USD 38.5 billion, amidst a slight widening of the trade deficit to USD 25 billion due to rising imports.

The trade dynamics will be clearer when official figures for January are released on February 15, with November's export growth standing at an impressive 20% year-on-year.