A trade deficit occurs when a country's imports exceed its exports. This means the country is buying more goods and services from other countries than it is selling to them.
WHY DOES INDIA HAVE A TRADE DEFICIT WITH NINE OF ITS TOP TEN TRADING PARTNERS?
India's trade deficit with countries like China, Russia, Singapore, and Korea is due to high import volumes of raw materials, machinery, electronics, and oil, which are essential for its economy. Despite efforts to boost exports, the value of imports continues to outstrip ...
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