India’s international trade activity continued to decline in November, with an 8.1% year over year slide being the sixth consecutive reduction. That was largely down to a slump in commodity imports which dragged total imports down 12.7%. Exports continued to slide, though a 0.3% reduction was the smallest since July. The slow development of trade activity has been due, in part, to a protectionist trade policy best exemplified by the “Make in India” import tariff policy. Withdrawal from the RCEP trade deal won’t help improve matters. India has also not benefited significantly from the U.S...
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