News Snapshot:
New Delhi: While it is a matter of concern that New Delhi’s trade deficit with Beijing is widening at a rapid pace, there is a growing trend of manufacturing shifting from the neighbouring country to India, Mobius Capital Partners founder Mark Mobius told ThePrint in an interview. India’s trade deficit with China — the quantum by which imports exceed exports — stood at $72.9 billion in the financial year 2021-22, up from $44 billion in the year before. This year, in just five months from April to August, the deficit has already crossed $37 billion, implying that last year’s levels...
