Exports drop by 12.2% in 2022 #GS-03 External Sector For Prelims Trade Deficit: Trade deficit or negative balance of trade (BOT) is calculated as the difference between exports and imports when imports are higher than exports. The opposite of trade deficit is termed trade surplus […]

India’s trade deficit #GS-03 External Sector For Prelims Trade Deficit: Trade deficit or negative balance of trade (BOT) is the difference between exports and imports when imports are higher than exports. It can be calculated separately for different goods and services or for international transactions […]