India's Trade Deficit - Export & Import falls by 21.26 per cent

The trade deficit, termed as the difference between export and import, has fell by 21. 26 per cent in December 2009. The economic slowdown has affected the import of foreign goods to India. There has been significant change in the import of the foreign goods.

There is dip in the imports in Indian economy and other other hand there is rise in the exports. This is positive sing of recovering from the clutches of the economic slowdown. According to The Financial Express, merchandise imports to the country dipped to just 2.6% during November, the least in the last 11 months, to $22.9 billion. The export and import sectors of India were affected due to the global slowdown, which affected the Balance of Payments(BoP) as well.