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<h1>India's Exports Surge 16.18% in April-February 2022-23; Services Up 30.48%, Trade Deficit at USD 114.58 Billion.</h1> India's overall exports are projected to increase by 16.18% during April-February 2022-23 compared to the same period last year. Merchandise exports grew by 7.55%, while services exports are expected to rise by 30.48%. In February 2023, combined exports were estimated at USD 63.02 billion, a 7.81% increase from the previous year, while imports decreased by 4.38% to USD 65.85 billion. The trade deficit for April-February 2022-23 was USD 114.58 billion. Key sectors like electronic goods and petroleum products showed significant growth, whereas imports of gold and silver saw notable declines.
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