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India's trade deficit for January 2025 narrows to $20.88B, influenced by reduced gold imports.
India's merchandise trade deficit is expected to have narrowed to $20.88 billion in January 2025, down from $21.94 billion in December 2024, according to Union Bank of India.
The improvement is largely due to reduced gold imports amid high prices and the end of the festive season.
However, the oil trade deficit slightly increased due to higher global crude oil prices, leading to greater imports.
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El déficit comercial de la India para enero de 2025 se reduce a $20.88B, influenciado por la reducción de las importaciones de oro.