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Trade deficit narrows to 5-month low in Dec, exports at 9-mth high
![IndiaTimes]()
Tuesday, 16 January 2024
India's goods exports growth crawled back into positive terrain in December, rising 1% to $38.5 billion, which was the highest monthly reading since March, while a fall in imports helped narrow the trade deficit to a five-month low. During December 2023, key export sectors that have recorded negative growth included petroleum products, ready-made garments of all textiles, chemicals, and leather products. Sectors which are in the positive zone include plastic, electronic goods, engineering items, and gems and jewellery.
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Tuesday, 16 January 2024
