Posted on April 5, 2023

India’s gold imports, which have a bearing on the current account deficit, fell about 30% to $31.8 billion during April-February 2023.

The significant fall in gold imports though has not helped in narrowing the country’s trade deficit — the difference between imports and exports. The merchandise trade deficit for April-February 2022-23 was estimated at $247.52 billion compared with $172.53 billion in the year-ago period.

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