India’s trade deficit grew to $23.5 billion in July as exports declined 1.4% to $34 billion, mainly due to a drop in petrol, diesel, and gems exports. Imports increased 7.5% to $57.5 billion, with crude oil imports rising 17% to $13.9 billion. Commerce Secretary Sunil Barthwal cited domestic oil demand and global crude prices as factors.
Related Posts
Boeing begins process to cut 17,000 jobs, reduce global workforce by 10%
Boeing is issuing layoff notices this week as part of its plan to cut 17,000 jobs, or 10% of its workforce. The layoffs come as […]
Boost for Indian Army firepower! Bharat Forge, Tata likely to bag Rs 7,000 crore deal for DRDO-made advanced towed artillery gun systems
Bharat Forge has emerged as the lowest bidder for a Rs 7,000 crore contract to supply the Indian Army with advanced towed artillery gun systems […]