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Increase in India’s trade deficit 

  • IASbaba
  • March 7, 2022
  • 0
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Increase in India’s trade deficit

Part of: Prelims and GS-III Economy

Context: As per preliminary foreign trade estimates, India’s merchandise exports rose 22.3% to $33.81 billion in February, while imports shot up 35% to surpass $55 billion, increasing the trade deficit to $21.2 billion.

Do you know?

  • A trade deficit is an economic measure of international trade in which a country’s imports exceeds its exports.

(Trade Deficit = Total Value of Imports – Total Value of Exports)

News Source: TH

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