Trade balance is the difference between the value of a country's exports and imports. A positive trade balance (trade surplus) occurs when exports exceed imports, while a negative trade balance (trade deficit) occurs when imports exceed exports. India's trade balance has overwhelmingly been in deficit for many decades.
India witnessed first a positive trade balance in the
Asked in WBCS Main Paper 5 2022 · Topic: Trade Balance and Trade Deficit/Surplus (Historical Trends and Composition of India's Trade Balance (Goods and Services))
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