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- India’s trade deficit reached a five-month low of $20.78 billion in September 2024.
- India’s merchandise trade deficit declined to a five-month low of $20.78 billion in September.
- The trade deficit has declined from $29.65 billion in August to $20.78 billion in September.
- Merchandise exports rose marginally to $34.58 billion in September from $34.41 billion in the year-ago period.
- Merchandise imports stood at $55.36 billion in September as compared to $54.49 billion in the last year.
- Services exports rose to $30.61 billion in September from $28.42 billion in the same period last year.
- Services exports stood at $30.69 billion in August, $28.43 billion in July, and $30.27 billion in June.
- The WTO expects trade volumes to grow by 2.6% in 2024 and 3.3% in 2025.
- The US, the UAE, the Netherlands, the UK and China were India’s major export destinations.
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