Additional directions: Assume that the average monthly exports from India and imports to India during the remaining four months of 1998-99 would be the same as that for the first eight months of the year.
What is the percentage growth rate in India’s total trade deficit between 1997-98 and 1998-99?
Explanation:
India’s total trade deficits are as follows.
Total imports for 1998-99 = 28126×128 = $42,189 millions Similarly, exports for 1998-99 = 28126×128 = $32,154 millions Percentage growth rate = 10035-68006800 × 100 = 47.6%
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