External sector has performed well but India must reduce trade costs, says Survey
New Delhi, Jan. 31 -- India's external sector has performed well amidst unfavourable geopolitical conditions, as per Economic Survey 2024-25.
"On the current account front, though merchandise exports have displayed moderate growth owing to a slowdown in external demand, merchandise imports have shown remarkable growth supported by strong domestic demand," said the Survey tabled in Parliament by Union Finance Minister Nirmala Sitharaman.
The government's key economic document said that the increased net services receipts and growing remittances have cushioned the rise in the merchandise trade deficit.
"On the capital front, the economy has been witnessing net positive capital inflows," it said.
The Survey said that gross foreign direct inves...
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