New Delhi: Global trade and tariff uncertainties could become a catalyst for reforms in India over the medium term and for growth results, the reforms must run deep, an HSBC Research report said on...

Global trade and tariff uncertainties could become a catalyst for reforms in India over the medium term and for growth results, the reforms must run deep, an HSBC Research report said on Tuesday.

"The trade deficit is currently at its lowest since August 2021 due to a steep decline in imports, steady level of exports, and a high base effect from last February," Additional Secretary, Ministry of Commerce and Industry said.