India's trade deficit narrows to $17.43 billion in February due to a fall in total imports by around 8% YoY.
2
Exports diverge sharply
India's merchandise exports fell 8.8% YoY to $33.8 billion, while service category exports rose by around 32% YoY to $36.85 billion.
3
Exports, imports surge
India's exports rose 7.5% to $405.94B, imports surged 18.82% to $653.47B between April 2022 and Feb 2023. India targets $750B worth of exports in FY23.
4
Export boom forecasted
Exim Bank of India has predicted that India's merchandise exports will surpass FY22 figures and reach $447.3 billion in FY23.