Question

balance of trade of incident india was __​

Answer 1

Explanation:

From India's trade deficit narrowed sharply to USD 6.77 billion in August of 2020 from USD 13.86 billion in the same month last year, in line with market forecasts of USD 6.75 billion, amid a prolonged coronavirus lockdown. Exports sank 12.7% to USD 22.7 billion, with sales declining the most for cashew (-47.61%); gems & jewellery (-43.28%); and petroleum products). Imports went down 26% to USD 29.47 billion, mainly due to petroleum and crude (-41.62%) and machinery (-41.58%). Considering April to August, the trade gap declined to USD 20.72 billion from USD 77.25 billion a year earlier. Exports were down 26.65% and imports plunged 43.73%.