Trade deficit narrows to 9-month low in January
Thursday, 15 February 2024
According to figures issued by the commerce department, India's trade deficit fell to a nine-month low of $17.5 billion in January as exports increased 3% to $36.9 billion, while imports increased by the same amount to $54.4 billion. In recent weeks, govt has sought to ensure that there is adequate credit available to exporters and insurance premium through Export Credit Guarantee Corporation does not rise despite the tension.
According to figures issued by the commerce department, India's trade deficit fell to a nine-month low of $17.5 billion in January as exports increased 3% to $36.9 billion, while imports increased by the same amount to $54.4 billion. In recent weeks, govt has sought to ensure that there is adequate credit available to exporters and insurance premium through Export Credit Guarantee Corporation does not rise despite the tension.
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