India's merchandise trade deficit in January touched $17.42 billion, while exports rose $34.50 billion from $27.54 billion of the corresponding period of last year.
Imports on the other hand, went up to $51.93 billion in January from $42.03 billion of last year, commerce ministry data released today, said.
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Merchandise imports in January 2022 saw an increase of 23.54 per cent over imports in January 2021. Imports in January 2022 registered a positive growth of 26.19 per cent in comparison to January 2020.
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Cumulatively, exports increased by 46.73 per cent to $335.88 billion during April 2021-January 2022, from $228.92 billion in the corresponding period a year ago.
Imports during the April-January period expanded by 62.65 per cent to $495.75 billion. Trade deficit stood at $159.87 billion during the ten-month period as against $75.87 billion in the same period a year earlier.
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