21 sats \ 2 replies \ @Undisciplined 17 Jun \ parent \ on: India's exports grew 9%, but trade gap widened to 7-month high in May econ
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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32 sats \ 1 reply \ @Coinsreporter OP 17 Jun
Thanks! That makes sense. Your understanding about economics is excellent.
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11 sats \ 0 replies \ @Undisciplined 17 Jun
Thanks. It is my job.
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