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India's trade deficit eased in FY26 due to falling oil prices and new trade agreements.
India's record trade deficit of $333.2 billion in FY26 is expected to ease due to new trade agreements and falling oil prices, according to a Bank of Baroda report.
While gold and silver imports surged, the services surplus helped narrow the overall deficit.
Oil imports fell despite rising crude prices, and exports of electronic goods grew, though engineering and pharmaceutical exports slowed.
The report projects the current account deficit at 1.5% to 2% of GDP in FY27, citing stable macro fundamentals despite geopolitical risks.
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El déficit comercial de la India se alivió en el año fiscal 26 debido a la caída de los precios del petróleo y los nuevos acuerdos comerciales.