This troubling development is an indication of both declining exports and a surging import bill. It also raises concerns about the country's economic health, currency stability, and overall global competitiveness.
Merchandise exports in the month of November registered USD 32.11 billion—a noticeable drop from October's USD 39.2 billion. Meanwhile, imports climbed to USD 69.95 billion. Over the April-November 2024 period, the cumulative merchandise trade deficit swelled to USD 202.42 billion, compared to USD 170.98 billion during the same period last year. It can be said safely that the challenges India faces in managing its trade balance are more than clear.
This story is from the December 19, 2024 edition of Millennium Post Delhi.
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This story is from the December 19, 2024 edition of Millennium Post Delhi.
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