Dip in gold imports has helped in narrowing the country's trade deficit to USD 94.72 billion during Apr-Oct 2019-20.
The country's economy grew at 8.2 per cent in April-June 2018-19.
Gold imports increased by 35.5 pc to USD 11.45 billion (about Rs 80,000 crore) during April-June quarter of current fiscal.
The deficit increased to USD 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19.
Overall trade performance was prime influencer for both contraction in CAD for March quarter as well as a widening for the full year.
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