India’s trade deficit stood at 21.94 billion dollars in December 2024, down from November’s revised 32.84 billion dollars. Ministry of Commerce and Industry data showed that Merchandise exports in December rose to 38.01 billion dollars from November’s 32.11 billion dollars, while imports fell to 59.95 billion dollars from the 64.95 billion dollars in November. However, the trade gap widened from 18.76 billion dollars in December 2023. The data showed that Merchandise goods exports also dropped on an annual basis from 38.39 billion dollars in December 2023 to 38.01 in previous month. Imports were also up from 57.15 billion dollars in December 2023. The government had earlier reported in December last year that India’s trade deficit widened to 37.84 billion dollars but the number was revised to 32.84 billion dollars after the gold imports revision. The government revised November’s data, slashing gold import estimates by a record 5 billion dollars, reducing it from 14.86 billion dollars to 9.84 billion dollars.