India's Exports Grows Despite of Red Sea Crisis
Despite of Red Sea Crisis and economic troubles in the West, India exported more goods to other countries in January 2024 compared to the same time last year. The value of goods India exports went up by 3.12 %, reaching $36.92 billion. This was helped by selling more electronics, machines, and medicines. However, India also bought more things from other countries. The amount spent on imports increased by 2.99 %, totaling $54.41 billion in January 2024. The main things bought were crude oil, electronics, coal, and gold. So, the trade deficit, which is the difference between what India exports and what it imports, was $17.49 billion in January 2024. This was a bit higher than the $17.03 billion deficit in January 2023. The Commerce Secretary, Sunil Barthwal, praised Indian exporters for their hard work despite tough times. He said that even though there were problems in the Red Sea and economic issues in the West, India's export growth was significant. Between April 2023 and January