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LATEST NEWS UPDATES | Why it will be hard to shrink trade deficit -Vivek Kaul

Why it will be hard to shrink trade deficit -Vivek Kaul

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published Published on Jul 18, 2022   modified Modified on Jul 18, 2022

-Livemint.com

* Price of oil and other commodities have fallen recently as fears of a recession have risen

* But oil price is still high versus last year and needs to fall further to contain the import bill

India’s trade deficit in June came in at the highest level ever of $26.2 billion. The previous high was in May, when the deficit had stood at $24.2 billion. The trade deficit is the difference between goods imports and goods exports.

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Livemint.com, 18 July, 2022, https://www.livemint.com/market/mark-to-market/why-trade-deficit-may-remain-elevated-11658075242455.html


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