Posted on February 17, 2023

India’s merchandise exports and imports shrank by 6.59% and 3.63% respectively, in dollar terms in January.

While both exports and imports shrank for the second straight month, exports contraction was also the third in four months. The fall in exports, mainly in shipments from labour-intensive industries like textiles, gems & jewellery and engineering goods may jeopardise the country’s economic growth prospects if it lasts for long.

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