India’s overall exports are estimated to reach 776.68 billion dollars in financial year 2023-24, surpassing last year’s highest record. The Ministry of Commerce and Industry said in a release that that the overall exports in the preceding financial year, 2022-23, was 776.40 Billion dollars. The Ministry added that overall imports in the financial year 2023-24 are estimated to be 854.80 Billion dollars, exhibiting a negative growth of minus 4.81 per cent compared to the preceding financial year. It further said that the overall trade deficit is estimated to significantly improve by 35.77 percent, from 121.62 Billion dollars in financial year 2022-23 to 78.12 Billion dollars in financial year 2023-24.
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