A bit of Correction

Can India sustain its higher growth rate for a long time while trade deficit keeps on widening?
Do all economies see such gaps in imports and exports while they grow faster than the global average?
Can India sustain its higher growth rate for a long time while trade deficit keeps on widening?
Yes, India has a large international service sector. Providing services to the global economy is essentially the same as exports, but don't count as exports. If that sector continues growing it could easily offset a trade imbalance.
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Thanks! That makes sense. Your understanding about economics is excellent.
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Thanks. It is my job.
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