India's exports of goods and services showed a marginal increase of 0.4% to USD 765.6 billion in 2023, despite global economic uncertainties. Key contributing sectors included electronics, pharmaceuticals, cotton yarn, fabrics, ceramics, meat, dairy, poultry, fruits, vegetables, and information technology. Goods exports contracted by 4.71% to USD 431.9 billion, while services exports rose by 7.88% to USD 333.8 billion. Merchandise imports decreased by 7% to USD 667.73 billion. Main export destinations include the US, UAE, Netherlands, Bangladesh, UK, and Germany. Geopolitical conflicts like the Russia-Ukraine war and the Red Sea trade route crisis impacted goods shipments.
from Economy-News-Economic Times https://ift.tt/PI4FbNk
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