India’s Foreign Trade during 2015-16
Updated Jan 20, 2021 08:39 am
- A remarkable development in India’s trade front since 2012 -13 is that India’s trade -both exports and imports are declining. The fall in trade is mainly due to the global slow down.
- The stress on the external sector is reflected in the country’s trade figures. Both exports and imports have declined during 2014-16; trade deficit also has fallen.
- Exports came down from $318 bn to $ 266 bn in 2015-16. Similarly, imports came down from $502 bn in 2012-13 to $266 bn in 2014-16. The trade deficit fell to $118 bn.