India Trade Deficit Widens as Hormuz Risks Cloud Outlook

India's trade deficit has expanded significantly in June, driven by heightened geopolitical tensions between the U.S. and Iran and disruptions in shipping through the Strait of Hormuz. These factors are causing major challenges for global supply chains, making it harder for India to import goods at affordable prices. This growing deficit is a cause for concern as it could impact India's economic growth and inflation rates, underscoring the broader implications of global instability on national economies. For a deeper dive, check out the full article on Bloomberg.