Indian Households Saving Less, Borrowing More: A Concern for the Economy on Nostr: India Records Trade Deficit with Nine of Top 10 Trading Partners in 2023-24 ...
India Records Trade Deficit with Nine of Top 10 Trading Partners in 2023-24
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#719f7845 ver:0.16
India's trade deficit with 9 of its top 10 trading partners in 2023-24, including China and Russia, highlights the need to boost exports and reduce unnecessary imports. However, India's current account deficit has declined to 1.2% of GDP in Q3 2023-24, reflecting a strengthening economy. Meanwhile, India's net household savings have declined to a 3-year low, signaling a decline in total savings within the economy. In contrast, China's current account surplus of $39.2 billion in Q1 2024 demonstrates its strong export performance and economic health. #TradeDeficit #CurrentAccountDeficit #EconomicHealth...
#newstr #TradeDeficit #India #China #Russia #Singapore #Korea #HongKong #Us #CurrentAccountSurplus
https://here.news/story/719f7845?ver=0.16
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#719f7845 ver:0.16
India's trade deficit with 9 of its top 10 trading partners in 2023-24, including China and Russia, highlights the need to boost exports and reduce unnecessary imports. However, India's current account deficit has declined to 1.2% of GDP in Q3 2023-24, reflecting a strengthening economy. Meanwhile, India's net household savings have declined to a 3-year low, signaling a decline in total savings within the economy. In contrast, China's current account surplus of $39.2 billion in Q1 2024 demonstrates its strong export performance and economic health. #TradeDeficit #CurrentAccountDeficit #EconomicHealth...
#newstr #TradeDeficit #India #China #Russia #Singapore #Korea #HongKong #Us #CurrentAccountSurplus
https://here.news/story/719f7845?ver=0.16