Improving goods exports is necessary to close the deficit with imports.

In 2023-24, India’s merchandise exports fell 3.1% to $437 billion. However, trade tides look to be turning. Outbound shipments have increased by 9.1% in May, following a 1.1% increase in April. In the January-March quarter, exports increased by 4.9% to a seven-quarter high of more than $120 billion, despite concerns of disruptions in the Red … Read more