<h1>India's January 2024 exports rise by 3.12% to $36.92B; trade deficit shrinks 37.11% amid mixed sector performance.</h1> India's merchandise exports in January 2024 grew by 3.12% to USD 36.92 billion compared to January 2023. Key growth sectors include petroleum products, engineering goods, and electronic goods. Overall exports, including services, reached USD 69.72 billion, marking a 9.28% increase. Imports also rose by 4.15% to USD 70.46 billion. The trade deficit improved significantly, with a 37.11% reduction from April-January 2022-23 to April-January 2023-24, reaching USD 70.43 billion. Services exports showed positive growth, while merchandise exports faced mixed results across different sectors. The merchandise trade deficit decreased by 9.66% during the same period.