Trade Deficit Subject :Economy Context: Exports grew by 0.6 per cent over November 2021 while imports grew by 5.4 per cent over the same month last year leading to widening of the current account deficit. Details: India’s trade deficit during April to November stood at $196 billion highest in the last 10 years. […]

Subject: Economy Context: Contracting for the sixth straight month, India’s exports slipped 12.66 per cent year-on-year to USD 22.7 billion in August, on account of fall in the shipments of petroleum, leather, engineering goods and gems and jewellery items, as per the government data released Concept: Trade deficit Trade balance of a country shows the difference […]