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India's trade deficit with Russia grows seven-fold to $34.79 billion

The rising dependence on discounted crude oil has resulted in India s trade deficit with Russia hitting the second-highest place last year, after China, reveals Department of Commerce data.

From April through January 2022-23 (FY23), India s maximum trade deficit was with China, at $71.58 billion.

This was followed by Russia, where the deficit expanded sevenfold - from $4.86 billion in April-January of 2021-22 (FY22) to $34.79 billion during the same period in FY23. ....

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China's two-week port closure to have a mixed impact on India's trade | Hellenic Shipping News Worldwide

China's two-week port closure to have a mixed impact on India's trade | Hellenic Shipping News Worldwide
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