Trade deficit at 3-month low in Dec

India’s trade deficit fell to $22 billion in December as exports declined 1% to $38 billion and imports rose 5% to $60 billion. Key factors included a drop in oil product and gems exports, contrasted by rising electronics and garment shipments. Commerce secretary Sunil Barthwal highlighted the resilience of Indian exports and government strategies targeting top markets to boost trade amidst global challenges.

​India’s trade deficit fell to $22 billion in December as exports declined 1% to $38 billion and imports rose 5% to $60 billion. Key factors included a drop in oil product and gems exports, contrasted by rising electronics and garment shipments. Commerce secretary Sunil Barthwal highlighted the resilience of Indian exports and government strategies targeting top markets to boost trade amidst global challenges.