India’s Trade Deficit Falls To $14.5 Billion In January Due To Faster Growth In Exports: ICICI Securities
A gantry cranes loads a shipping container onto a truck from a ship docked at the Jawaharlal Nehru Port, operated by Jawaharlal Nehru Port Trust, in Navi Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

India’s Trade Deficit Falls To $14.5 Billion In January Due To Faster Growth In Exports: ICICI Securities

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ICICI Securities Report

India’s trade deficit narrowed modestly in January 2021 due to faster pick up in exports compared to imports.

Trade deficit fell to $14.5 billion, down from $15.4 billion in December 2020 and $15.3 billion in January 2020.

Out of the $760 million decline in trade deficit during January 2021 and January 2020, higher exports contributed $1.6 billion while higher imports shaved off $840 billion.

In sequential terms, trade deficit narrowed to $14.5 billion in January 2021 from $15.4 billion in December 2020.

Out of this, higher exports and lower imports accounted for $305 billion and $596 billion respectively.

Click on the attachment to read the full report:

ICICI Securities Trade Monitor Feb21.pdf

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