India’s exports in January dipped by 6.58 per cent to $32.91 billion, as against $35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday.
Trade deficit in January stood at $17.75 billion.
Imports in January also declined by 3.63 per cent to $50.66 billion, as against $52.57 billion in the same month last year.
During April-January this fiscal, however, the country’s merchandise exports rose by 8.51 per cent to $369.25 billion.
Imports during the period increased by 21.89 per cent to $602.20 billion.