India's merchandise trade deficit decreased to $19.8 billion in December from $20.6 billion in November, as reported by the government. In December 2022, the trade deficit was $23.14 billion. Exports for December reached $38.45 billion, compared to $38.08 billion in the same month the previous year, while imports decreased to $58.25 billion from $61.22 billion in December 2022.
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