India's trade deficit narrows to $21.94 bn in December from November's $32.84 billion

December goods exports fell 0.99% to $38.01 billion year-on-year, and India’s trade deficit was revised to $32.84 billion after gold import estimates for November were cut by $5 billion. US President-elect Donald Trump’s plans for high tariffs could impact India, though Indian officials hope to negotiate and ease import duties on US goods.