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India's trade deficit narrowed in December, but exports fell compared to the same month last year.
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.
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.
Despite the contraction in exports, non-petroleum and electronics exports showed resilience, growing by 5.05% and 35%, respectively.
The government aims to boost exports to top 20 markets that account for 60% of India's exports.
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El déficit comercial de India se redujo en diciembre, pero las exportaciones cayeron en comparación con el mismo mes del año pasado.