Trade Deficit Narrows To $22 Billion In Dec

New Delhi: India’s exports in December 2024 contracted for the second month in a row by about one per cent year-on-year to $38.01 billion due to global uncertainties, while the trade deficit narrowed to $21.94 billion.

According to the Commerce Ministry data, imports rose by about five per cent year-on-year to $59.95 bn in December. Cumulatively, during April-December this fiscal, exports recorded a growth of 1.6 per cent to $321.71 bn and imports by 5.15 per cent to $532.48 bn.