The country's exports edged up 1% to $38.45 billion in December 2023 while the trade deficit narrowed to a three-month low of $19.8 billion, official data released on Monday showed. Crude oil imports in April-December 2023-24 declined by about 19% to $128.6 billion while gold imports surged by 26.64% to about $36 billion in April-December 2023. Imports contracted by 7.93% …
The sharp contraction was primarily due to a lower trade deficit at $34.6 billion, and a rise in net services receipts, the central bank said. Mumbai: India’s current account deficit narrowed sharply to $1.4 billion or 0.2 percent of GDP in the December quarter, the Reserve Bank of India said on Thursday. “The contraction in the current account deficit or …
New Delhi: The deficit in southwest monsoon has narrowed and the sowing of summer crops is progressing well across the country, Agriculture Minister Narendra Singh Tomar said on Friday. As per the latest sowing data maintained by the Union Agriculture Ministry, total acreage sown to all Kharif crops so far has remained lower at 869.55 lakh hectare as against 918.70 …
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