💨 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 🤖