India's exports up 6% to $447 billion in FY23, imports climb 16.5% to $714 billion

India's imports in FY23 rose 16.5 per cent to $714 billion as against $613 billion in FY22 while exports saw a rise of 6% to $447 billion in FY23, up from $442 billion in FY22, Commerce Minister Piyush Goyal said. India's services exports too have increased by 27.16 per cent to USD 323 billion in 2022-23 as compared to USD 254 billion in 2021-22.

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