“Time is your friend; impulse is your enemy.” - John Bogle India released the trade deficit data. December merchandise trade deficit came in at $ 23.76 bn (prev month $ 23.89 bn) with mom exports growing at 8% , current $ 34.48 bn, prev month $ 31.99 bn and mom inports growing 4% , current month $ 58.24 bn , prev month $ 55.88 bn. On the services side , exports rose 4% mom to $ 27.34 bn while imports rose 16% mom to $ 15.56 bn. Dec services exports and imports held steady above the Apr - Dec 2022 mean of $ 26 bn and $ 15 bn. On the aggregate, trade deficit ( merchandise + services ) stands at $ 118 bn which is a significant deterioration from the deficit of $ 57.26 bn for the corresponding period in 2021. The transfers and income surplus for H1 22 - 23 stood at $ 26 bn, extrapolating the same, transfer and income surplus is estimated at $ 13 bn. Q3 merchandise trade deficit is est at $ 74.5 bn while services surplus is est at $ 36.85 bn. Invisibles (services + income + tr...
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