India's merchandise trade deficit narrows to five-month low in Sept
The Morning Standard
|October 17, 2024
THE country's merchandise trade deficit declined five-month low to $20.78 billion in September, attributed to a slowdown in import growth to 1.6% and a slight increase in merchandise exports by 0.5%. Goods trade deficit had reached a 10-month high of $29.7 billion in August.
Goods exports amounted to $34.58 billion, while imports reached $55.36 billion. Commerce Secretary Sunil Barthwal noted that despite various challenges, merchandise exports showed strong performance in the first half of FY24. Sequentially, goods exports have shown a fall in recent months, recording $29.65 billion in August, $33.98 billion in July, $35.20 billion in June, and $38.13 billion in May.
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