In December 2024
Answer to Question #188437 in Macroeconomics for Jaymin patel
Explain the nature of trade balance between india and the US keeping in mind the exchange rate movements?
India had a trade surplus of Rs 23.8 thousand crores with the USA which in dollar terms was USD 5.24 billion. The trade surplus has now increased to Rs. 1.22 lakh crores in 2019-20 which in dollar terms is USD 17.27 billion.
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