Headwinds remain. India's exports fall 10.3% to $34.98 billion in May

PTI Updated - June 15, 2023 at 03:53 PM.

Imports also declined 6.6 per cent to $57.1 billion against $61.13 billion recorded in the same month last year

India's exports declined 10.3 per cent year-on-year to $34.98 billion in May this year, the government data showed on Thursday.

Imports also declined 6.6 per cent to $57.1 billion against $61.13 billion recorded in the same month last year, the data showed.

Also read: At 2.59 lakh units, two-wheeler exports hit a 5-month high in May

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Commerce Secretary Sunil Barthwal said headwinds still continue on the global trade front.

The Department of Commerce and Department for Promotion of Industry and Internal Trade are working on an exports strategy and focusing on 40 countries, Barthwal added.

Also read: How to galvanise India’s exports

Published on June 15, 2023 10:23
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