India’s Dec merchandise exports rise 38.91% y/y – trade ministry

NEW DELHI (Reuters) – India’s merchandise exports in December rose 38.91% from a year earlier to $37.81 billion compared to $27.22 billion in the same month in 2020, data from the trade ministry showed on Friday.

However, imports of goods increased 50.24% year-on-year to $59.48 billion in December, widening the trade deficit to $21.68 billion, data showed.

(Reporting by Manoj Kumar and Aftab Ahmed; Editing by Christian Schmollinger)

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