trade balance

Govt indulging in doublespeak over ‘Made in India’ slogan: Rahul Gandhi

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Congress leader Rahul Gandhi on Friday accused the government of doublespeak over the ‘Made in India‘ slogan, which he dubbed as a mere ‘jumla‘ (rhetoric). His remarks came after Foreign Secretary Harsh Shringla expressed concern over the growing trade deficit with China as India‘s trade with it grew by 49 percent in the first nine … Read more

Expect current account to post a surplus in 2020: Nomura

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Kolkata: India may have slipped back to trade deficit after a brief surplus, but it may not get out of hand and hurt the currency as it did in the past. With the dollar flows remaining strong, it would rather be a test to the Reserve Bank of India‘s resolve in absorbing the inflows to … Read more