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A trade deficit occurs when a country's imports exceed its exports during a given time period. It is also referred to as a negative balance of trade (BOT). According to the preliminary data released by the Commerce and Industry Ministry, India’s trade deficit widened to a record $23.33 billion in May as imports grew at a faster pace compared to exports amid high commodity prices owing to the Russia-Ukraine conflict. Imports surged 56.14 per cent to $60.62 billion in May on the back of a sharp jump in petroleum products amid rising global crude oil prices. The share of petroleum products in India’s total imports was 30 per cent in May, growing 91.6 per cent year-on-year to $18.1 billion. Gold imports witnessed a 759 per cent jump to $5.8 billion; electronic goods rose 28.5 per cent to $5.44 billion; and coal imports grew by 2.6 times to $5.3 billion in May.
As per the constitutional provisions, who has the absolute and ultimate powers regarding the passing of money bills:
The group of Monuments at Hampi is located at which state?
Which class of attack submarines is being built under the Indian Navy's Project 75, with the goal of constructing six submarines?
From which country were the highest amount of FDI inflows received by India during the financial year 2020-21?
When haloalkanes and aryl and vinyl halides react with magnesium metal they yield which reagent?
Imadshahi family was known for the foundation of which state?
The following major rivers of Uttarakhand state will be in decreasing order according to their length:
1. Kosi
2. Bhagirathi
3. Kali
4. Alaknanda
In November 2022, retired Army officer Raj Shukla has been appointed as a member of the _______.
According to the Planning Commission of India (2011-12), what is the percentage of the population below the poverty line in Chandigarh?
Shigmo is one of the prominent festival of the: