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CareEdge Research Report
India’s merchandise exports and imports recorded the highest ever monthly numbers in December 2021. Exports exceeding the $30 billion mark for the 10th successive month and imports being over $50 billion for the fourth straight month.
Exports soared to $37.8 billion recording an annual growth of 38.9% and imports climbed to $59.5 billion, higher by 38.5% YoY.
Sequential momentum in trade has continued with exports and imports logging a growth of 19.1% and 12.5% respectively. However, higher imports have pushed the trade deficit to $21.7 billion from $21.1 billion in the previous month.
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