India’s exports rose 14% to a record $770 billion during the last financial year. Imports jumped to a new high of $892 billion, amid a slowdown in goods demand due to global uncertainty.
Latest data showed that goods exports went up just under 6% to $447 billion. This is a new high but lower than what was expected at the start of the last financial year. Imports rose 16.5% to $714 billion.