Inde Balance Commerciale

India's merchandise trade deficit widened to $18.7 billion in February 2024 from a $16.6 billion gap a year earlier, and compared to market forecasts of an $18.3 billion shortfall. Exports soared 11.9% year-on-year to $41.4 billion, the highest level since March 2023, boosted by sales of drugs and pharmaceuticals, engineering and electrical goods. Imports rose at a faster 12.2% to $60.11 billion, as domestic demand remains strong and crude prices went up. “India exports have been able to withstand the difficult times. The Red Sea crisis will not dampen orders demand” according to Commerce Secretary Sunil Barthwal.