India's trade deficit narrows, but flat exports a concern
India`s trade deficit narrowed to $13.08 billion in December, the lowest in 10 months, on a fall in gold imports but exports remained flat, deepening concerns for Prime Minister Narendra Modi who wants to accelerate growth ahead of elections.
India`s trade deficit narrowed to $13.08 billion in December, the lowest in 10 months, on a fall in gold imports. Image source: Reuters