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India2024-12en

Trade Watch April-June (Q1) FY25

Summary

India is facing a widening merchandise trade deficit, leading to a current account deficit, largely due to increased imports of mineral fuels and electrical machinery and declines in certain export sectors like iron and steel. NITI Aayog's quarterly 'Trade Watch' report provides a comprehensive analysis of India's trade performance, assessing dynamics and identifying potential markets and geopolitical impacts to guide policy. This analytical initiative is in progress, providing ongoing insights into trade trends and challenges.

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