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Global Trade Research Initiative (GTRI) said the revision of data by the commerce ministry's arm DGCIS is reflecting adjustments in the imports of gold, silver, and electronics for the period from April to November 2024. GTRI said the revisions highlight discrepancies in earlier data reporting and underscore the need for accurate trade documentation, especially in high-value commodities like gold. 

According to the GTRI report, India's electronics imports for April to November 2024 were revised from $63.9 billion to $61.2 billion, a reduction of $2.7 billion. In November 2024, electronics imports were adjusted from $7.6 billion to $7.2 billion. Similarly, it said, the country's silver imports during April-November 2024 were revised down from $3.28 billion to $2.33 billion, marking a $0.95 billion drop. For November 2024, silver imports reduced by $0.18 billion from $0.66 billion to $0.48 billion. On gold, it said that there has been a downward revision of the imports of yellow metal from different countries during April-October 2024. 

It said that imports from the UAE revised from $11.63 billion to $7.98 billion, a drop of $3.65 billion. From Switzerland, the inbound shipments were reduced by $1 billion, from $9.45 billion to $8.45 billion during the first seven months of this fiscal. From South Africa, the revised import data showed a dip of $1.07 billion, from $3.45 billion to $2.38 billion. The imports from Australia now stand at $1.05 billion during April-October this fiscal from $1.53 billion, and from Hong Kong, the imports were cut by $0.33 billion, from $1 billion to $0.67 billion.