India’s Exports Surge to $38.51B in December

India’s merchandise exports hit a robust $38.51 billion in December, marking a significant rebound amid global economic headwinds. This surge underscores the resilience of the nation’s trade sector, fueled by strong performances in key areas like engineering goods, petroleum products, and pharmaceuticals. The data, released by the Commerce Ministry, shows a year-on-year increase of over 2%, defying expectations of a slowdown due to geopolitical tensions and supply chain disruptions. December’s figures bring the cumulative exports for the April-December period to $317.4 billion, up 1.2% from the previous year. While imports moderated to $55.3 billion, the trade deficit narrowed slightly to $16.79 billion for the month.