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Trade pacts help India cut deficits with UAE, Aus.
Jun 03, 2024

The trade pacts with Australia and the UAE seem to be working in India’s favour as the trade deficit with both countries in FY24 declined vis-à-vis previous year. With Australia, the trade deficit fell to $8 billion from $12 billion in the previous year. With the UAE, India’s trade deficit fell to $12.4 billion from $21 billion in last year.

    
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