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    <title>INDIA’S FOREIGN TRADE: January 2020</title>
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    <description>Provisional trade figures for April-January 2019-20 show merchandise exports slightly down year on year and cumulative export declines, while cumulative merchandise imports fell more markedly. Oil imports rose in January but fell over the cumulative period; non oil and non gold imports declined. Services (RBI data to December 2019; January 2020 estimated) recorded positive growth in exports and imports for December, with net services exports supporting a lower overall trade deficit for April-January 2019-20 compared to the prior year, subject to revision when RBI releases January services data.</description>
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