The report has estimated the current account balance to register a deficit of around USD 8 billion in the first quarter of the current financial year (Q1FY25)
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India’s merchandise trade deficit was higher, as imports have risen at a sharper pace than exports
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While the Merchandise trade deficit in July stands at USD 23.5 billion, the overall trade deficit for the month stands at USD 9.61 billion
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India’s total exports during April to May 2024 is estimated at USD 133.61 billion
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