What was the primary reason behind the 9.4% shrink in

Q: Answer-What was the primary reason behind the 9.4% shrink in India’s trade deficit in Q1 2025-26?

Indias trade deficit reduced to 20.3 billion in Q1 2025-26 due to an 11 rise in services exports, particularly in IT and business process outsourcing.

India’s trade deficit in Q1 2025-26?

A Decline in petroleum imports Correct Answer Incorrect Answer

B Growth in agricultural exports Correct Answer Incorrect Answer

C Rise in services exports Correct Answer Incorrect Answer

D Fall in gold imports Correct Answer Incorrect Answer

E Reduced defence expenditure Correct Answer Incorrect Answer

Solution

India’s trade deficit reduced to $20.3 billion in Q1 2025-26 due to an 11% rise in services exports, particularly in IT and business process outsourcing.

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