TryGOLD- Free

Exports contract 1% in Dec; trade deficit narrows to around $22 bn
Millennium Post Delhi|January 16, 2025
IMPORTS ROSE BY ABOUT 5% TO $59.95 BN

India's trade deficit narrowed to USD 21.94 billion in December after last month's shocking surge to a lifetime high on the back of miscalculations in gold imports, government data showed on Wednesday.

Exports contracted for the second month in a row by about one per cent year-on-year to USD 38.01 billion due to global uncertainties, while imports rose by about 5 per cent to USD 59.95 billion.

Key export sectors, including petroleum, gems and jewellery, and chemicals, have registered negative growth during the month under review.

Petroleum product shipments have declined by 28.62 per cent to USD 4.91 billion last month. During the first nine months of this fiscal also, these exports contracted by 20.84 per cent year-on-year to USD 49 billion.

However, textiles, electronics, engineering, rice and marine products recorded healthy growth in December 2024.

This story is from the January 16, 2025 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 16, 2025 edition of Millennium Post Delhi.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MILLENNIUM POST DELHIView All
Millennium Post Delhi

Fine arts student held over Delhi metro stn graffiti

The Delhi Police has arrested a man for allegedly painting a graffiti at Mandi House Metro Station, an official said on Saturday.

time-read
1 min  |
January 27, 2025
Millennium Post Delhi

India's exports to US up 5.57% to $59.93 bn in April-Dec FY25

NEW DELHI: The country's exports to the United States rose by 5.57 per cent to $59.93 billion during April-December this fiscal on account of healthy demand in the American market for domestic goods, according to government data.

time-read
1 min  |
January 27, 2025
Millennium Post Delhi

22 Killed as Israeli Forces Stay After Withdrawal Deadline

MAYS AL-JABAL (LEBANON): Israeli forces in southern Lebanon on Sunday opened fire on protesters demanding their withdrawal in line with a ceasefire agreement, killing at least 22 and injuring 124, Lebanese health officials reported.

time-read
2 mins  |
January 27, 2025
Millennium Post Delhi

Ex-MLA, legislator held for attacking each other's office in Roorkee, waving pistols

The rivalry between former BJP MLA from Laksar Kunwar Pranav Singh Champion and Independent MLA from Khanpur Umesh Kumar took a violent turn on Sunday when both of them allegedly attacked each other's office in Roorkee along with dozens of their supporters.

time-read
1 min  |
January 27, 2025
Pralay missile to Indonesian contingent: Many firsts at 76th Republic Day parade
Millennium Post Delhi

Pralay missile to Indonesian contingent: Many firsts at 76th Republic Day parade

CULTURAL PERFORMANCE COVERS ENTIRE KARTAVYA PATH FOR FIRST TIME

time-read
2 mins  |
January 27, 2025
Millennium Post Delhi

Tested cruise missile system: North Korea

Vows 'toughest' response to the US

time-read
1 min  |
January 27, 2025
Russia-India relations based on special and privileged strategic partnership
Millennium Post Delhi

Russia-India relations based on special and privileged strategic partnership

President Vladimir Putin on Sunday said that Russian-Indian relations are based on \"special and privileged strategic partnership\" and hoped that the two countries will use joint efforts to continue to consistently build up productive bilateral cooperation across all areas.

time-read
1 min  |
January 27, 2025
Millennium Post Delhi

Efforts by Urban Dev department, IMC make Indore India's first wetland city

Closer Look

time-read
2 mins  |
January 27, 2025
Dial 'D' for Disruption
Millennium Post Delhi

Dial 'D' for Disruption

Tele-callers seem immune to laws, fines or the impatience of their victims. A rising trend is the audacity of these callers in rudeness, taunts and outright harassment. Welcome all, to India's indefatigable telemarketing circus

time-read
5 mins  |
January 27, 2025
Political battle in Karawal Nagar: Frustrations, loyalties and hopes
Millennium Post Delhi

Political battle in Karawal Nagar: Frustrations, loyalties and hopes

HOME TO 3,11,279 VOTERS, THE CONSTITUENCY HAS STRUGGLED WITH INFRA

time-read
2 mins  |
January 27, 2025

We use cookies to provide and improve our services. By using our site, you consent to cookies. Learn more