💨 Abstract

India has significantly revised down its April-November 2024 gold import estimate by $11.7 billion due to double counting, reducing the nation's trade gap accordingly. The government attributes this to a miscalculation in gold imports, which have been revised from $49.06 billion to $37.38 billion. The trade deficit currently stands at $202.42 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖