Make In India VS Made With Imports? India’s $214 Billion Trade Deficit Problem Explained
India’s non-petroleum trade deficit has now overtaken and nearly doubled its petroleum deficit. In 2025-26, the total trade deficit stood at $334 billion, of which petroleum accounted for $120 billion while non-petroleum goods contributed $214 billion. Electronics is the single largest driver of the non-oil deficit, at nearly $69 billion — 20% of the overall deficit and 32% of the non-petroleum gap. India assembles phones but still imports critical components: integrated circuits alone accounted for $30 billion in net imports, with semiconductors and electric accumulators adding further pressure.
#india #pmmodi #modi #india #trade #makeinindia #imports
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx3pdg
Now make Mint your preferred source on Google and get business & finance updates first.
Add here – https://www.google.com/preferences/source?q=mint
Subscribe to Mint Premium Now: https://www.read.ht/Scaq
Subscribe to Mint’s WhatsApp Channel: https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d
