TNPSC Thervupettagam

India’s Trade Deficit

August 7 , 2022 743 days 612 0
  • India’s trade deficit widened to a record $31.02 billion in July.
  • This is due to over 70 per cent rise in crude oil imports.
  • It was $10 billion in the same period last year.
  • For the first four months of the current financial year, the deficit stood at $100 billion.
  • This was $42 billion in the same period last year.

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