Key Factors Behind the Decline

India’s Merchandise Exports Drop 1.5% In July; Trade Deficit Widens 23%

India's merchandise exports saw a decline of 1.5% in July 2024, amounting to $33.98 billion, as reported by the Ministry of Commerce and Industry. This decrease in exports is attributed to rising freight rates and a patchy recovery in global demand. Concurrently, the trade deficit for July widened significantly by...