India's merchandise exports increased notably from last year in March, data released by the Ministry of Trade and Industry showed Thursday.
Export of goods increased 6.97 percent year-on-year to $30.85 billion in March. The value of imports, meanwhile decreased by 2.87 percent annually to $41.16 billion during the month.
Oil imports fell 16.56 percent annually during the month, while imports of non-oil commodities increased by 5.41 percent.
The net trade resulted in a deficit of $10.32 billion in March, lower than the $13.54 billion shortfall seen a year earlier.
In the fiscal year ended March 2013, India's exports decreased 1.76 percent to $300.57 billion. Meanwhile, the value of imports moved up 0.44 percent to $491.49 billion, resulting in a deficit of $190.92 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.