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EXPORTS UP 9% YEAR OVER YEAR; TRADE DEFICIT HITS 7-MONTH HIGH

Why in the news? India’s goods exports increased by 9% year over year in May, reaching $38.13 billion. Growth driven by electronics, petroleum, and engineering goods, with demand from Europe and the US. Services exports rose 11% to $30.16 billion. source:toi About Trade Deficit: Trade Deficit Definition: It happens when a nation’s imports exceed its …

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