Trade Balance Trends — Mains Questions

Analyze the structural factors contributing to India's persistent merchandise trade deficit and evaluate the effectiveness of recent policy interventions in addressing these challenges.

Examine how global supply chain disruptions and geopolitical developments have impacted India's trade balance trends since 2020, and assess India's strategic responses.

Critically evaluate the role of services trade surplus in offsetting India's merchandise trade deficit and discuss the sustainability of this model in the context of global economic changes.