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Explained: India’s exports and challenges ahead

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Exports in February grew 2.4% year-on-year (y-o-y), lower than 3.8% in January and imports grew 9.75% in February. For the period April to February FY19, while exports grew 8.9% y-o-y to $298 billion dollar, imports too, grew 7.3% to $464 billion.

Trade deficit, which declined from $126 billion in FY15 (April-Feb) to $97.9 billion dollar in FY17 same period, rose to $148 billion in FY18 to $165.6 billion in FY19 (April to Feb). Trade deficit has a bearing on the current........

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