India, April 16 -- The country's merchandise exports dropped 7.44 per cent to $38.92 billion in March, according to Government data released on Wednesday.

Imports too dipped by 6.51 per cent to $59.59 billion last year from $63.75 billion recorded in the year-ago month, reflecting disruptions in major trade routes like the Strait of Hormuz due to the conflict in West Asia.

The country's trade deficit stood at $20.67 billion during the month under review.

Briefing the media on the trade data, Commerce Secretary Rajesh Agrawal said that the country's exports are doing well despite challenges. He said the country's exports of goods and services rose 4.22 pc to $860 bn during the 2025-26 financial year.

The country's merchandise exports d...