Indians love for electronics may widen trade deficit: Report
Beeps By | Jul 04 2018

Indians’ new fascination towards the electronics such as smartphones, TVs etc is expected to widen the country’s trade deficit, said a report. Electronics became India’s most imported items after oil. This fascination will further devalue the already ailing rupee by costlier imported oil. The deficit may widen to 2.3% of GDP in the current fiscal.

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