India’s exports to Saudi Arabia stood at USD 11.6 billion in the financial year 2024 as compared to imports worth USD 31.8 billion in the previous financial year
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For the period from April to July 2024, the total export value of electronic goods reached USD 11.24 billion
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India’s merchandise trade deficit was higher, as imports have risen at a sharper pace than exports
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While the Merchandise trade deficit in July stands at USD 23.5 billion, the overall trade deficit for the month stands at USD 9.61 billion
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Overall trade deficit significantly improved from USD 121.6 billion in 2022-23 to USD 75.6 billion in 2023-24
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Despite strong gold demand in March, the market saw an unexpected downturn as jewellers stocked up for the Indian wedding season.
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