💨 Abstract

India's trade deficit narrowed to USD 21.94 billion in December from a record high due to a decline in gold imports and increased global uncertainties. Exports contracted by 1% while imports rose by 5%. Key export sectors like petroleum, gems and jewellery, and chemicals saw negative growth. However, textiles, electronics, engineering, rice, and marine products showed healthy growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖