30/09/2024
India’s exports contracted by a record 60.28 % in April to $10.36 billion, shrinking for a second straight month as the Covid-19-induced took its toll on trade with other countries.
Imports crashed 58.65 % to just $17.12 billion in April, according to the data released by the commerce and industry ministry on Friday.
As a result, the monthly trade deficit reduced to just $6.76 billion, the lowest since May 2016, when it stood at $6.27 billion.