India’s Trade deficit narrowed to USD 11.25 Billion – December 2019
The key factors driving the Indian Stock Market in 2020 are Budget India 2020 which will be presented in February, Crude Oil Changes, Changes in Automobile and Technology, US Elections and Trade tension between nations. So there will be no famine for the Stock Market in the upcoming months.
Most of the Global stock indices had ended with a positive returns in the last year 2019. However there is no denying that an uncertainty environment exists worldwide. Already the US Stock Indices and Indian Stock Market – both at its high.
It is better to invest in Mid cap and Small Cap stocks based on Fundamentals rather than seeing the market at its high. India’s Trade deficit narrowed to USD 11.25 Billion in the month of December 2019.
Earlier, it was said to USD 12.12 Billion in the month of November 2019. Imports were fell down to 8.8 Percent year on year to USD 38.61 Billion. This is happened due to import of Transport Equipment, Gold, Pearls and Electronic Goods. The Transport Equipment which was fell by 31 Percent in the said month – December 2019.
Exports were fell down by 1.8 Percent to USD 27.36 Billion. The Pharma Exports and Electronic Goods had given a positive numbers for supporting the Trade Exports. The Pharmaceuticals and Electronic Goods increased by 13 Percent and 30 Percent respectively.
Kindly share your views / comments with a smile 🙂