The Economist reports that as a percentage of GDP, India’s exports of goods and services have increased from 12% to nearly 25% over the past decade. However, this does not tell the full story. A quick look at the numbers shared by India’s Department of Commerce shows that India’s trade deficit has grown in sync with the increasing exports.
Year 2006-2007 2007-2008 2008-2009 2009-2010 2010-2011
India’s Trade Balance -59,321.19 -88,521.83 -118,400.95 -109,621.45 -118,633.24
in million USD
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