Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 324)

2023-09-16 Economy

324.

What was the amount of India's trade deficit in August 2023?

$20 billion

$24.16 billion

$28 billion

$32 billion

Answer: Option

Explanation:

India's trade deficit in August 2023 narrowed to $24.16 billion. This is a 2.8% improvement from the $24.86 billion deficit in the same month last year. The narrowing of the trade deficit is attributed to a decline in imports, which fell by 5.23% to $58.64 billion in August 2023. This was offset by a decline in exports, which fell by 6.86% to $34.48 billion.