India's December 2024 Exports Drop 1% Amid Global Uncertainty; Trade Deficit Narrows, Imports Rise 5.

India's exports in December 2024 decreased by about 1% year-on-year to USD 38.01 billion due to global uncertainties, while the trade deficit narrowed to USD 21.94 billion. Imports increased by 5% to USD 59.95 billion. From April to December, exports grew by 1.6% to USD 321.71 billion, and imports rose by 5.15% to USD 532.48 billion, widening the trade deficit to USD 210.77 billion. The Commerce Secretary highlighted India's export resilience, especially in non-petroleum sectors, and mentioned ongoing efforts to address export challenges with Indian Missions in key countries. A committee was established to improve data consistency.