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The Trade Deficit for September came in at the lowest in five months even though exports and imports were flat. Last September was awesome for India with very high imports and exports, so the fall in percentage terms was very high. And the problem is as much in non-oil imports as it is in oil imports. The worldwide commodity price drop has taken effect: Check out Capital Mind Premium! Get In-Depth Macroeconomic Analysis, Market Metrics, Proprietary Capital Mind Indexes, a look into the CAPM Portfolio and More Actionable Insights, straight to your Inbox. Take a 30-day Free Trial! And with that we bring you the last bit: Total trade has indeed fallen off a cliff in terms of growth. The base effect will have magnified the September numbers but the trend is down, down and down. Our View Have exports and imports bottomed out? The market’s rally makes one think this is so.… (Read On…)
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