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    <title>India’s Foreign Trade: July 2019</title>
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    <description>Overall trade position for April-July 2019-20 shows a narrower deficit than the prior year, with an estimated overall trade deficit of USD 32.90 billion. Merchandise exports rose modestly in July while cumulative merchandise exports were slightly lower in dollar terms. Imports contracted-notably oil and non oil categories-reducing the merchandise deficit. A services surplus, based on provisional June data and July estimates, partially offsets the merchandise shortfall; services estimates are subject to revision.</description>
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