Trade surplus
16
Jul
1
Subject: Economy Context: For the first time since 2002, India’s merchandise trade balance turned surplus of $790 million in June Reasons: This is a rare occurrence because since 1976-77, there has not been a single year when India did not incur a substantial merchandise trade deficit. Improvement in trade balance has been driven mainly by a sharper […]
Trade surplus
08
Jul
Subject: Economy Context: The RBI has released India’s balance of payments data for the fourth quarter of financial year 2020. Findings India has attained a small current account surplus which is around 0.1 per cent of the GDP. This is largely driven by a lower trade deficit. This is a rare occurrence because since 1976-77, […]