Indian Households Saving Less, Borrowing More: A Concern for the Economy on Nostr: India's Trade Deficit with China Reaches $85 Billion in 2023-24 =============== ...

India's Trade Deficit with China Reaches $85 Billion in 2023-24
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#719f7845 ver:0.18

India's trade deficit with China reached $85 billion in 2023-24, making China India's largest trade partner. However, India's current account deficit declined to $10.5 billion in Q3 of 2023-24, reflecting a strengthening of the Indian economy. Meanwhile, Indian net household savings declined to a 3-year low of Rs 14.2 lakh crore in FY23, accompanied by a rise in household debt. In contrast, China's current account surplus in Q1 2024 was $39.2 billion, indicating a healthy surplus and strong export performance. #IndiaChinaTrade #CurrentAccountDeficit #HouseholdSavings #ChinaEconomy...

#newstr #India #China #Us #Trade #Exports #Imports #TradeDeficit #Surplus #CurrentAccountDeficit #HouseholdSavings

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