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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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