Electronics emerges as India’s ‘new oil’ as trade deficit nears $40 billion
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Electronics Emerges as India’s ‘New Oil’ as Trade Deficit Nears $40 Billion: HSBC Report
New Delhi, September 16, 2026 (Yes Punjab News) Electronics is emerging as India’s “new oil” as the country’s electronics trade deficit approaches $40 billion since April, while the overall goods trade deficit narrowed in August, according to a report by HSBC Global Investment Research. The report said the electronics trade deficit stood at around $8 […]
Electronics emerges as India’s ‘new oil’ as trade deficit nears $40 billion
Digital Desk | New Delhi, Sep 16 (IANS) India’s goods trade deficit narrowed, led mainly by non‑electronic items, but the electronics trade deficit remained high at around $8 billion in August and about $40 billion since April, a report said on Wednesday. The report from HSBC Global Investment Research said that electronics is becoming “the new oil”, with the two deficits inching very close in value terms. India’s goods trade deficit narrowed…
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