India’s Record Trade Deficit May Ease as Oil Prices Cool and Trade Deals Gain Pace: Bank of Baroda Report
High gold and silver imports have pushed the country's trade gap to record levels, while export growth has been very slow. If global conditions improve and crude oil and other commodities become cheaper, the situation could improve in the future as import expenditures decline and exports increase. However, if tensions and high energy prices persist, there is a risk of increased pressure on the current account. Read what the Bank of Baroda report said:
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