India’s foreign trade hits $800 billion in H1 2023 despite global slowdown: GTRI report

  • India registered $800.9 billion in foreign trade in H1 2023, thanks to growth in service segments despite global demand slowing.
  • Exports rose 1.5% to $385.4 billion, but imports dipped by 5.9% to $415.5 billion in the same period.
  • GTRI suggests that India keep improving product quality and supply chain competitiveness, especially amid EU and US trade regulations.
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