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    <title>INDIA’S FOREIGN TRADE: December 2022</title>
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    <description>Combined trade data for December 2022 show a year on year contraction in overall exports and a modest decline in imports, widening the monthly trade deficit; however, April-December 2022 cumulative figures record robust growth in combined exports and larger import growth, producing a materially higher year to date trade deficit. Services contributed a substantial year to date surplus, while non petroleum, non gems &amp; jewellery imports rose sharply, and provisional estimates and pro rata revisions apply to certain series.</description>
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