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 …
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