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India trade deficit with Aus down 40%
The Morning Standard
|December 30, 2023
COUNTRY'S trade pact with Australia has boosted exports in several sectors of the Indian economy, including engineering goods, electronic products, and pharmaceuticals, as per the commerce ministry.
The data showed country's overall merchandise exports to Australia grew by 14% in April to November 2023, while imports from the country declined by 19% during the same period.
The trade deficit with Australia during the period has also fallen by 39% to $5.3 billion.
According to the data, exports from India to Australia under preferential lines rose by 17.8 percent year-on-year, reaching $1.58 billion during the period of April to October 2023.
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