According to the revised data published by the Directorate General of Commercial Intelligence and Statistics (DGCIS) on Wednesday, the maximum over-reporting was for November, with the figure being revised downward by $5 billion to $9.84 billion. For other months, the gap between the initial and the revised estimates range from $2.44 billion to $16 million.
According to data released by the commerce ministry earlier, merchandise trade deficit touched an all-time high of $37.84 billion in November, which was much higher than forecasts. The average monthly trade deficit in the April-October period was $23.5 billion. Though the DGCIS has reported the revised figures, the government is yet to reconcile these in the trade data. Sources said this would be done soon.
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