Commerce ministry may face possible repeat of 2011 trade data error

  • Posted on December 19, 2024
  • By Business News Today
  • 2 Views
Commerce ministry may face possible repeat of 2011 trade data error

India's November 2024 gold import figures, showing a record high of $14.86 billion and a quadrupled increase, are under scrutiny by the commerce ministry due to a potential discrepancy. This surge contributed to a record trade deficit, prompting investigations into possible data errors similar to a 2011 incident. Experts are divided, with some suspecting miscalculations while others find double-counting improbable.
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