What is Trade Deficit? – Trade deficit means India buys more than it sells. – When the gap becomes smaller, India earns more. – This is called shrinking trade deficit.
What India Sells – India sells medicines, machines, and metal scraps. – More sales mean more money. – This reduces India Trade Deficit.
What India Buys – India buys coal from Australia. – Coal is needed for power and energy. – Smart buying helps trade gap shrink.
What India Buys – India buys coal from Australia. – Coal is needed for power and energy. – Smart buying helps trade gap shrink.