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flag India's trade deficit narrowed in December, but exports fell compared to the same month last year.

flag India's trade deficit narrowed to $21.94 billion in December 2024, down from $32.84 billion in November, as exports grew and imports fell month-on-month. flag However, compared to December 2023, exports dropped 1% to $38.01 billion and imports rose 4.8% to $59.95 billion, widening the trade deficit. flag Despite the contraction in exports, non-petroleum and electronics exports showed resilience, growing by 5.05% and 35%, respectively. flag The government aims to boost exports to top 20 markets that account for 60% of India's exports.

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