India Reassesses Trade Data Amid Gold Import Calculation Missteps

In a significant development for the Indian economy, the Ministry of Commerce and Industry has revised its trade data after uncovering errors related to the calculation of gold imports. This revelation comes as part of the government's ongoing efforts to maintain transparency and accuracy in its economic reporting.

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India's Strategic Maneuver to Address Record Trade Deficit Amidst Gold Import Concerns

In a bid to rectify its soaring trade deficit, India is making concerted efforts to tackle imports that have been inflated due to overstatements in gold purchases. This move comes as the country faces its widest trade imbalance on record, putting increased pressure on the government and economic policymakers to find an effective solution.

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