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.
This story is from the January 09, 2025 edition of Financial Express Mumbai.
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This story is from the January 09, 2025 edition of Financial Express Mumbai.
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