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Home > All news > Economy, Trade > Merchandise Trade deficit likely to come down by over $1 bn from $22 bn in Dec : Union Bank of India

Merchandise Trade deficit likely to come down by over $1 bn from $22 bn in Dec : Union Bank of India

February 15, 2025
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Merchandise Trade deficit likely to come down by over $1 bn from $22 bn in Dec : Union Bank of India

NEW DELHI : India’s Merchandise Trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India.

The report suggested that this improvement was primarily due to a decline in gold imports amid rising prices and the conclusion of the festival and wedding season.

It said “Merchandise trade deficit likely narrowed in Jan’25 to USD 20.88 bln vis-a-vis USD 21.94 bln a . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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