💨 Abstract
India's merchandise trade deficit is expected to increase in fiscal year 2026 due to strong domestic consumption maintaining imports, and potential export pressure from a slowing economy and tariff conditions in the US, according to a report by rating agency Crisil. The service trade, which India has a surplus in, may provide some cushion, but global trade growth is expected to moderate.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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