💨 Abstract

The Indian government has revised gold import data, reducing November imports by USD 5 billion to USD 9.84 billion to correct double accounting. The revision shows excess imports of around USD 11.7 billion from April 2024 to November 2024-25, and a trade deficit of USD 32.84 billion for November. The commerce ministry is investigating if there were calculation or accounting errors in the initial data compilation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖