Ayush Patodia, Associate Vice President at Avalon Consulting shared his views on Impact of Widening Trade Deficit on the Indian Economy, which was published in Outlook Business
He highlighted that India’s trade deficit in FY24, driven by imports of capital goods and oil, signals industrial growth but also energy dependency.
Further, he suggested to reduce the deficit, India must boost domestic manufacturing, enhance exports, and attract foreign investments through strategic policies and infrastructure improvements.
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