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      Question

      What was the value of India's merchandise trade deficit

      in Q4 FY 2024–25?
      A $42.7 billion Correct Answer Incorrect Answer
      B $79.3 billion Correct Answer Incorrect Answer
      C $53.3 billion Correct Answer Incorrect Answer
      D $59.5 billion Correct Answer Incorrect Answer
      E $23.3 billion Correct Answer Incorrect Answer

      Solution

      India's merchandise trade deficit in Q4 FY25 was $59.5 billion, higher than Q4 FY24 but lower than Q3 FY25’s $79.3 billion. Despite the large trade deficit, the services surplus helped swing the overall current account to a surplus.

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