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Tag Archives: Nabar-Bhaduri

Not sustainable: India’s trade and current account deficits

New paper by Suranjana Nabar-Bhaduri published by PERI. From the abstract:India’s trade balance and current account have shown persistent deficits for a major part of its post-independence period. Since the mid-2000s, trade deficits have increased perilously, with a sharp rise in both oil and non-oil imports. This has increased the magnitude of the current account deficit, as net earnings from services and remittances have been insufficient to offset the trade deficits. India has relied on...

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