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India's Trade Deficit UPSC, Balance of Payment UPSC, Current Account & Capital Account UPSC are very important topics for UPSC aspirants. In this video, we will deeply analyze India's Trade Deficit UPSC, understand the Balance of Payment UPSC, and examine both the Current Account & Capital Account UPSC. India's Trade Deficit UPSC means when India imports more than it exports. Balance of Payment UPSC consists of Current Account & Capital Account UPSC. Within the Current Account UPSC, we have trade in goods (merchandise trade) and trade in services. Recently, India's Trade Deficit UPSC has declined due to falling oil prices. Since India imports a large amount of oil, the decrease in oil prices led to lower imports, thus reducing India's Trade Deficit UPSC. However, with rising oil prices due to the Iran-Israel conflict, the situation may reverse. The Balance of Payment UPSC framework helps us understand India's economic transactions with the world. Current Account & Capital Account UPSC are two critical components aspirants must focus on. In January 2025, India's Trade Deficit UPSC was higher compared to May 2025, indicating a short-term positive trend. However, for UPSC preparation, it is important to focus on the concept rather than the exact numbers. India's Trade Deficit UPSC, Balance of Payment UPSC, Current Account & Capital Account UPSC are key topics for both prelims and mains. Understanding India’s Trade Deficit UPSC will help in economics, international relations, and current affairs preparation. Keep revising India's Trade Deficit UPSC, Balance of Payment UPSC, Current Account & Capital Account UPSC as these are recurring themes in UPSC exams. India's Trade Deficit UPSC, Balance of Payment UPSC, Current Account & Capital Account UPSC will also help you answer questions on macroeconomics, global oil prices, and external sector dynamics. UPSC 2026 Current affairs PDF: www.civilsacademy.com Mail: [email protected]