DH Radio | Budget Explained: What is trade deficit?

DH Radio | Budget Explained: What is trade deficit?

In this episode, we look at the concept of trade deficit

Representative Image. Credit: iStock Photo

This is Budget Explained from DH Radio. Answering your frequently asked questions on Union Budget 2021. in this episode, we look at the concept of trade deficit. If a country imports more goods and services than it exports in a given period of time, then such a situation is called a trade deficit. A trade deficit is also known as a negative trade balance.

Tune in to know more about trade deficit...