India’s trade deficit revised as gold import data corrected

India's November trade deficit was overestimated due to miscalculated gold imports. The revised December deficit stands at $21.9 billion, down from $32.8 billion in November. Corrections were made in gems, jewellery, and petroleum imports. Quant Eco warns of potential risks from US sanctions on Russian crude and possible Trump tariffs in 2025, which could impact India's trade outlook.