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ICICI Bank predicts India's trade deficit to hit $300 billion in 2025-26, yet the economy remains robust.
ICICI Bank projects India's trade deficit to reach $300 billion in the 2025-26 fiscal year, or 7.0% of GDP, due to weak non-oil exports and strong imports.
Despite this, the country's economy is expected to stay resilient, supported by stimulus measures, with the current account deficit forecast at $30 billion, or 0.7% of GDP.
Services exports and remittances are anticipated to remain steady.
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ICICI Bank predice que el déficit comercial de la India alcanzará los 300 mil millones de dólares en 2025-26, sin embargo, la economía sigue siendo robusta.