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Merchandise Trade Deficit For January At $17.75 Billion, Lowest In A Year
New Delhi: India's merchandise trade deficit in January hit its lowest in a year at $17.75 billion, down from $23.76 billion in the previous month, according to a Reuters calculation based on export and import data released by the government on Wednesday. The trade deficit for April-January widened to $232.95 billion from $153.78 billion a year ago. Among key exports during this period, petroleum products, electronic goods and chemicals continued to be higher than a year ago but weaker global demand resulted in a drop in outbound shipments of cotton, engineering goods, iron ore, and gems and jewelry. However, imports of gold were down over 11%. Source: NDTV
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