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, Boosting Sino-Indian ...
India's Trade Deficit with China Reaches $85 Billion in 2023-24, Boosting Sino-Indian Ties
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#719f7845 ver:0.2
India's trade deficit with China reached $85 billion in 2023-24, making China India's largest trade partner. The import of commodities worth over $100 billion from China contributed to this. However, India's current account deficit decreased to $10.5 billion in Q3 of 2023-24, reflecting a strengthening economy. Meanwhile, Indian household savings declined to a 3-year low of Rs 14.2 lakh crore in FY23. 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 #TradeDeficit #CurrentAccountSurplus #Economy
https://here.news/story/719f7845?ver=0.2
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#719f7845 ver:0.2
India's trade deficit with China reached $85 billion in 2023-24, making China India's largest trade partner. The import of commodities worth over $100 billion from China contributed to this. However, India's current account deficit decreased to $10.5 billion in Q3 of 2023-24, reflecting a strengthening economy. Meanwhile, Indian household savings declined to a 3-year low of Rs 14.2 lakh crore in FY23. 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 #TradeDeficit #CurrentAccountSurplus #Economy
https://here.news/story/719f7845?ver=0.2