NEW DELHI: A healthy growth in India’s services segments has helped the country’s total exports and imports of goods and services to cross the $800 billion mark during the first half of 2023, think tank Global Trade Research Initiative (GTRI) said in a report on August 22.
According to the analysis of the (GTRI), exports of goods and services rose by 1.5 per cent to $385.4 billion during January-June this year, as against $379.5 billion in January-June 2022.
Imports, however, dipped by 5.9 per cent to USD 415.5 billion during the six months of this year, as against USD 441.7 billion in January-June 2022.
“India’s foreign trade (exports and imports of merchandise and services) reached USD 800.9 billion during January-June 2023, exhibiting a decline of 2.5 per cent over the same period last year (January-June 2022),” the report said.
