 "Green shoots tracker")
Trade deficit narrows
Government efforts to curb gold imports are yielding results. Riding on lower gold imports, India's trade deficit narrowed to $12.25 billion in June, compared with $20.1 billion in May, the second-highest. In 2012-13, the trade deficit, widened by gold, oil and coal imports, led to India's current account deficit rising to a record 4.8 per cent of gross domestic product.
Government efforts to curb gold imports are yielding results. Riding on lower gold imports, India's trade deficit narrowed to $12.25 billion in June, compared with $20.1 billion in May, the second-highest. In 2012-13, the trade deficit, widened by gold, oil and coal imports, led to India's current account deficit rising to a record 4.8 per cent of gross domestic product.