Does trade deficit signal trouble for India’s economy?
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Jagadish Shettigar,
Pooja Misra
Since 1990, on an average, India has had an overall trade deficit. Even so, for the period April–September 2020, India witnessed a trade surplus and is likely to post a current account surplus of 2% of GDP for 2020-21. However, this might not be a reason to rejoice. Mint explains:
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Since 1990, on an average, India has had an overall trade deficit. Even so, for the period April–September 2020, India witnessed a trade surplus and is likely to post a current account surplus of 2% of GDP for 2020-21. However, this might not be a reason to rejoice. Mint explains:
Fredericksburg officials invited state lawmakers and representatives from CSX Transportation to Railroad Avenue in the Mayfield neighborhood Friday afternoon. The aim was to provide a visual of how closely the tanker cars that CSX uses to transport propane to a customer in Caroline County sits to the homes of Mayfield residents.
But there was just one problem: For one of the few times in the past two months, there were no tanker cars in the railyard.
Still, Fredericksburg City Manager Tim Baroody provided lawmakers and CSX officials with a breakdown of the 56 tankers he counted in the neighborhood from Feb. 24 through March 4. All but three of the tankers contained liquefied petroleum gas; two had unidentifiable contents and one contained chlorine.
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