Source: Reuters (via feed)
India’s merchandise trade deficit narrowed to $20.98 billion in March, government data showed on Wednesday. The data highlighted risks linked to the Iran war. The conflict could impede exports to Gulf countries. It may also raise the cost of energy and other imports. No additional details on export or import data were provided.
BizTrendWire Insight:
The reported trade deficit value reflects the latest government data on India’s trade position. Risks associated with the Iran war pertain to India’s export and import activity.
The reported trade deficit value reflects the latest government data on India’s trade position. Risks associated with the Iran war pertain to India’s export and import activity.
