India s merchandise trade in December grew by 1% to $38.45bn, with import declines contributing to a reduced trade deficit, according to the commerce ministry. The disruption in the Red Sea trade route caused by Houthi rebels in Yemen affected 80% of India s merchandise trade with Europe. While the first nine months of the 2023-24 financial year saw a 5.7% decrease in exports to $317.12bn, the commerce secretary said the three months to March were typically stronger for trade. The government hopes to find solutions for trade disruptions and explore opportunities for exporting affected inventories. | Latest News India
employers report in subsequent weeks you get big upward revisions in the data. this december number will be revised a lot higher. we had average monthly job growth in 2021 of about 550,000, that s per month. i think that s the reality of what s going on. i think that s what happened this december. but having said all of that, the thing i think and you point this had out, stephanie, is that this is all before omicron. omicron obviously doing a lot of damage here to the labor market and i wouldn t be surprised if in january, a month from now when we re having this conversation, we don t see a decline in employment in january just because omicron is just disrupting things so badly. karen, would you agree with that? i m thinking about all the big businesses that were planning on bringing their employees back this month and now because of the variant it s got pushed back, so all the cafeteria workers, gym workers, ancillary businesses around big corporate offices on hold again. we def
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