<h1>India's Exports to Hit $776.68B in FY 2023-24, Boosted by Electronics and Pharma; Trade Deficit Narrows by 35.77.</h1> India's overall exports for FY 2023-24 are projected to reach USD 776.68 billion, slightly surpassing the previous year's record. Key drivers of merchandise export growth include electronic goods, drugs, pharmaceuticals, and agricultural commodities. Electronic goods exports rose by 23.64%, while drugs and pharmaceuticals increased by 9.67%. The trade deficit improved significantly, decreasing by 35.77% to USD 78.12 billion. Merchandise exports for March 2024 were USD 41.68 billion, slightly lower than the previous year. Services exports showed a positive growth of 4.39% for FY 2023-24. Overall, India's trade performance exhibited both growth and challenges across various sectors.