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A bumpy trajectory
Millennium Post Delhi
|December 19, 2024
India's merchandise trade deficit reached a record high of USD 37.84 billion in November 2024, up from USD 27.1 billion in October.
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This troubling development is an indication of both declining exports and a surging import bill. It also raises concerns about the country's economic health, currency stability, and overall global competitiveness.
Merchandise exports in the month of November registered USD 32.11 billion—a noticeable drop from October's USD 39.2 billion. Meanwhile, imports climbed to USD 69.95 billion. Over the April-November 2024 period, the cumulative merchandise trade deficit swelled to USD 202.42 billion, compared to USD 170.98 billion during the same period last year. It can be said safely that the challenges India faces in managing its trade balance are more than clear.
Esta historia es de la edición December 19, 2024 de Millennium Post Delhi.
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