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14Jul 2026

INDIA’S TRADE DEFICIT WIDENS SHARPLY IN JUNE 2026

INDIA’S TRADE DEFICIT WIDENS SHARPLY IN JUNE 2026 Why in the News? Trade Deficit Rise: India’s trade deficit surged over fourfold to $15.3 billion in June 2026, mainly due to a sharp rise in imports of crude oil, gold, and electronics, reflecting growing economic interdependence with major suppliers including US and China. Export Growth: Despite …

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27May 2024

INDIA FACES TRADE DEFICIT WITH NINE OF TOP TRADING PARTNERS

Why in the news? India experienced a trade deficit in 2023-24 with nine of its top 10 trading partners, including China, Russia, and Singapore, among others, according to official data. The deficit widened with China, Russia, Korea, and Hong Kong compared to the previous fiscal year, while it narrowed with the UAE, Saudi Arabia, Indonesia, …

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