A sharper rise in imports, which grew by 6.9 per cent to $682.2 billion, widened the trade deficit from $69.7 billion in 2023 to $79.
These include machine tools, non-ferrous metals, and electrical and transport equipment, which amounted to $352.1 billion during April-December 2024 (FY25), signalling strong domestic consumption and industrial demand, the survey highlighted.
Despite these strengths, India’s share in global travel and transport services remains relatively low, at 2.1 per cent and 2.2 per cent, respectively.
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