InvestorQ : Have India’s trade been hit by the Coronavirus because China has seen a bit hit on the back of the virus?
Anjana Aiyar made post

Have India’s trade been hit by the Coronavirus because China has seen a bit hit on the back of the virus?

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Arya Nanda answered.
10 months ago
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Unlike China, India has seen positive vibes on trade front. In the midst of a tough month, the Indian economy reported fairly healthy trade numbers. Exports saw a positive growth on a YOY basis after a gap of almost 6 months. However, total trade for Feb-20 compressed to $65 billion compared to a number of $80 billion earlier in the year. For the first time during the current fiscal, the merchandise trade deficit below the $10 billion mark to touch $9.85 billion. If you add up the surplus on the services account, the net trade deficit is only to the tune of $2.8 billion. After a long time, the forex reserves are now sufficient to cover 12-13 months of merchandise imports. That is a good situation to have.

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