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    <title>India’s overall exports in August 2023 estimated at USD 60.87 Billion; Merchandise exports estimated at USD 34.48 Billion in August 2023, despite global sluggish growth</title>
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    <description>Overall exports (goods and services) in August 2023 and for April-August 2023 are estimated to have declined year on year while imports contracted more sharply, resulting in a substantial improvement in the overall trade deficit and a reduced merchandise trade deficit. Services exports contributed positively over April-August, and sectoral movements show notable export gains in electronic goods, engineering goods and selected agricultural products alongside steep declines in several import categories including silver, raw cotton, fertilizers and petroleum products.</description>
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