Macro
Budget 2022: Trade balance worsens
![](https://images.assettype.com/fortuneindia%2F2022-01%2Fbe543bb5-e5ac-433f-ad68-c70b34e06669%2FBudget_2022_Trade_Balance.jpg?w=668&q=95)
India's balance of trade has expanded in FY22 despite a nearly 50% rise in exports. The reason is an even faster rise in imports. For example, merchandise exports grew 68.9% in first nine months of the current fiscal to $443.8 billion, up from $262.8 billion in the previous fiscal.
Photograph :