India's foreign trade in H1 2023 surpasses $800 billion
Image Credit: economic times
India's foreign trade exceeded $800 billion during the first half of 2023, with exports of goods and services increasing by 1.5% to reach $385.4 billion. According to the Global Trade Research Initiative (GTRI), this growth can be attributed to the robust performance of India's services segments, which saw a 17.7% rise in exports, totaling $166.7 billion. However, goods exports experienced an 8.1% YoY decline, amounting to $218.7 billion, while imports contracted by 8.3% to $325.7 billion.