December Trade Data reveals big hole

Though the deficit was almost respectible at $12 bln, Imports rose to more than $40 bln to take the 9 month score to $350 bln for FY2012. Thus the Exports would be more than $27 bln for the month a hefty 20% rise on November’s $22.3 bln and again above the required $25 bln per month mark to reach $300 bln in Exports by March 2012. The revenue deficit is likely to end above $150 bln by a few billion dollars. 

December trade would have included higher Oil purchase component, the deficit for November being $ 8bln. 

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