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Decreased oil exports, because of lower crude prices increasing India's trade deficit: CRISIL

By Economic Times - 2 days ago
India's oil exports have been impacted by falling crude oil prices, leading to a contraction in overall exports in August. CRISIL reports that container shortages and US tariff hikes on Chinese goods are contributing factors. Despite these challenges, strong remittance inflows and a services trade surplus offer some stability.

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