According to the Economic Survey 2023, exports may slow and weaken as a result of a possible worldwide economic recession

Additionally, it issued a warning that the reawakening of Covid-19 in China would cause supply chain disruptions.

Foreign direct investment (FDI) here in the manufacturing sector declined during the first half of FY23, reflecting global uncertainty.

India’s current account deficit increased to 4.4% of GDP in the quarter ending in September from 2.2% of GDP there in quarter ending in April-June as a result of a larger trade imbalance.

CAD requires to be carefully monitored because as growth momentum of current year drops off into the next

The trade deficit has widened in 2022–2023 as a result of import growth outpacing export growth at this point.