The Government of India recently revised its import bill. With this revision, the country’s foreign trade between April 2022 and November 2022 differs from the estimates made by the Ministry of Commerce.

• Import bill has been increased or decreased in each of these months by at least 2 billion USD. According to the revision, the total merchandise exports made by India during these eight months amount to 298 billion USD.
• Earlier it was 276 billion USD. This is 12 billion USD higher than the estimates produced.
• The trade deficit was 10 billion USD lower than the estimates made previously.