Trade Deficit comes in line with Estimates// CAD seen at $ 34 bn for FY 24

India recorded a trade deficit of $ 19.80 bn. My own estimates suggested a print of $ 20 bn. 

Snapshot (in mn $)	Exports	Imports	Trade Deficit	Extrapolating Averages
Merchandize Trade	35,250	55,933	-20,683	-2,48,194
Services	27,568	14,240	13,328	1,59,939
Est Transfers & Incomes				50,000
Current Account Deficit				-38,255

On the Merchandize Trade, major contributors to export growth were Engineering goods, Electronic Goods, Pharma, Iron Ore and Gems and Jewellery. Exports grew 13% while imports grew 7% mom.