2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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USD 181.41 billion
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USD 109.41 billion
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USD 192.41 billion
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USD 174.41 billion
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Detailed explanation-1: -India’s trade deficit widened to USD 23.76 billion in December 2022 from USD 21.68 billion in the same month last year, and compared to November’s revised figure of USD 23.89 billion.
Detailed explanation-2: -The merchandise trade deficit for April-November 2022 was estimated at USD 198.35 Billion as against USD 115.39 Billion in April-November 2021.
Detailed explanation-3: -The merchandise trade deficit for April-December 2022 was estimated at USD 218.94 Billion as against USD 136.45 Billion in April-December 2021.
Detailed explanation-4: -Considering full 2022, the US trade deficit went up to $948.1 billion, equivalent to 3.7% of the GDP from $845 billion in 2021 (3.6% of the GDP). The goods gap widening 9.3% to $1191.8 billion while the services surplus narrowed 0.6% to $243.7 billion.
Detailed explanation-5: -The trade deficit in December 2021 was USD 21.99 billion, while it was 143.97 billion USD during April-December 2021.