Exim data revised, trade deficit narrows by $10 billion

India’s foreign trade data for the first eight months of 2022-23 has been significantly revised, with the import bill being scaled up or down by at least $2 billion in each of those months, in comparison to the preliminary estimates issued by the Ministry of Commerce.

Total merchandise exports between April and November are now pegged at $298.3 billion, nearly $12 billion higher than original monthly data suggested. The import bill in those eight months is now estimated to be $493.5 billion, about $1.7 billion higher than initial numbers. The trade deficit in the first eight months of the year is $10 billion lower than indicated by adding up monthly preliminary estimates.

Source : thehindu.com/ For more details

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