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    <title>INDIA’S FOREIGN TRADE DATA: DECEMBER 2020</title>
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    <description>Merchandise exports were flat in December 2020 but fell cumulatively for April-December 2020-21; specific commodity groups showed varied month on month performance. Imports rose in December yet contracted sharply cumulatively, with oil imports down both monthly and cumulatively and non oil imports rising monthly but declining over April-December. Services registered a modest contraction in the latest month with an estimated December value pending RBI revision. Combined merchandise and services trade produced an overall surplus for April-December 2020-21, reversing the prior year deficit.</description>
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      <description>Merchandise exports were flat in December 2020 but fell cumulatively for April-December 2020-21; specific commodity groups showed varied month on month performance. Imports rose in December yet contracted sharply cumulatively, with oil imports down both monthly and cumulatively and non oil imports rising monthly but declining over April-December. Services registered a modest contraction in the latest month with an estimated December value pending RBI revision. Combined merchandise and services trade produced an overall surplus for April-December 2020-21, reversing the prior year deficit.</description>
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