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Export curbs, higher energy prices may spike trade deficit further in FY23

Revenues from the export of industrial metals would also take a hit from a decline in metal prices

Topics
trade deficit | export sector | energy policy

Krishna Kant  |  Mumbai 



indian economy, exports, imports, trade deficit
According to India Ratings & Research India, merchandise imports are expected to grow to $182.9 billion in first quarter of the fiscal year from $168.1 billion in the last quarter of the last fiscal (Q4FY22)

A combination of factors like the export curbs imposed by the government on agricultural commodities and metals, and a continued rise in the prices of crude oil, natural gas and coal is likely to worsen the country’s in the current fiscal (FY23).

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First Published: Fri, June 10 2022. 17:24 IST

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