What is trade deficit ???đ€
A trade deficit occurs when a country buys more stuff from other countries than it sells to them. For example, if a country spends Rs 100 on imports but only makes Rs 80 from its exports, it has a trade deficit of Rs 20. It's generally seen as a good thing if a country has a smaller trade deficit or even a trade surplus, which means it's selling more than it's buying from other nations.
