RCEP not an option, still harmful for India
India escaped this disaster by taking a prudent decision at the right time
india trade deficit
September 2024
January 2024
August 2022
March 2022
It’s Not Double-engine Growth!
While India's consumption demand and trade deficit were a dampener, the gross fixed capital formation grew by a solid 11%, a double-digit growth for the first time in five quarter.
India's trade deficit up 3x in July at $31 bn
India has maintained its exports in July despite anti inflationary measures and continued disruptions in supply chains due to Covid and Russia-Ukraine conflict.
Russia-Ukraine war: Feb trade data grim alert for India as crude spikes
Though, Russia is a marginal trade partner with barely 1.4% of India's import and 0.9% of exports, spike in crude and commodity prices will elevate inflation and dent consumer demand.
