Context
India’s merchandise trade deficit dipped to 12-month low in January 2023, while services trade surplus rose.
What is Merchandise Trade deficit?
What is Services trade surplus?
A country’s trade balance can also influence the value of its currency in the global markets, as it allows a country to have control of the majority of its currency through trade. |
The Current account deficit (CAD):
What are the factors affecting Current Account deficit?
Effects of Current account deficit (CAD):
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