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.
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