💨 Abstract

India has revised down its November gold import estimates by a record $5 billion, reducing the merchandise trade deficit significantly. The initial estimate of $14.8 billion was inflated due to errors, and the actual figure stands at $9.84 billion. India is the world's second-largest consumer of gold, with imports accounting for most of its demand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖