India’s Merchandise Trade deficit likely to come down by over USD 1 billion from USD 21.94 billion in December : Union Bank of India February 15, 2025 Export - Import, Economy, Finance, Global Trade, Trade, Trending News NEW DELHI : India’s Merchandise Trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank