Gold imports dip 6.77 per cent during April-Dec 2019
INDIA, Jan. 27 -- Gold imports, which have a bearing on the current account deficit (CAD), fell 6.77 per cent to USD 23 billion during the April-December period of the current financial year, according data from the commerce ministry.Imports of the yellow metal stood at USD 24.73 billion in the corresponding period of 2018-19.The decline in gold imports has helped in narrowing the country's trade deficit to USD 118 billion during the period, against USD 148.23 billion a year ago.Gold imports had been recording a negative growth since July this year. However, it recorded positive growth in October and November last year, only to contract by about 4 per cent in December last year.India is the largest importer of gold, which mainly caters to t...
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