https://www.taxtmi.com/news?id=22128 Overall trade shows a reduced combined trade deficit for April-October 2019-20 driven by a pronounced contraction in merchandise imports and modest export performance. Oil import reductions, linked to lower global Brent prices, and declines in non-oil and non-gold imports underlie the import fall. Services receipts grew in the latest available data, producing a positive net services surplus. Aggregate figures rely on provisional RBI estimates for services, with October values estimated and subject to revision on future RBI releases. en-us Sat, 16 Nov 2019 10:09:09 +0530 Sat, 16 Nov 2019 10:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22128 Overall trade shows a reduced combined trade deficit for April-October 2019-20 driven by a pronounced contraction in merchandise imports and modest export performance. Oil import reductions, linked to lower global Brent prices, and declines in non-oil and non-gold imports underlie the import fall. Services receipts grew in the latest available data, producing a positive net services surplus. Aggregate figures rely on provisional RBI estimates for services, with October values estimated and subject to revision on future RBI releases. News - Sat, 16 Nov 2019 10:09:09 +0530 https://www.taxtmi.com/news?id=22128