يحاولGOLD- Free

Trade deficit eases to $21.94 bn as gold imports fall
Business Standard|January 16, 2025
Exports in Dec contract 1%
- SHREYA NANDI

India's merchandise trade deficit narrowed to $21.94 billion in December, down from a record $31.86 billion in November, as gold imports halved to $4.7 billion, according to commerce department data released on Wednesday.

The data showed merchandise exports contracted by 1 per cent year-on-year to $38.01 billion in December amid ongoing geopolitical tensions. Significantly, electronics exports rose 35.11 per cent to a 24-month high of $3.58 billion in December 2024.

Meanwhile, imports grew 4.9 per cent year-on-year to $59.95 billion but fell by 6 per cent vis à vis November's revised figure of $63.86 billion.

The import data figure for the April-November 2024 period also saw a downward revision of $17.5 billion to $469.3 billion, from $486.8 billion. The corrections primarily affected gold import data, which was revised downward by $11.7 billion for the period, alongside reductions in silver and electronics imports.

In November alone, gold imports were slashed by $5 billion to $9.8 billion following the discovery of a calculation error caused by double-counting shipments stored in warehouses.

هذه القصة مأخوذة من طبعة January 16, 2025 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 16, 2025 من Business Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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