<ul><li>Rajesh Agrawal, a Commerce Ministry official, stated that trade and markets are being weaponised, with the US driving the narrative on tariffs and deficits.</li><li>India's trade deficit increased to $26.42 billion in April, up from $21.54 billion in March, as per data from the Ministry of Commerce and Industry.</li><li>Agrawal highlighted the challenges of global supply chains, market concentration, and the need to focus on fundamentals amidst uncertainties.</li><li>He emphasized the importance of insulating supply chains, investing in critical resources, and leveraging government support schemes for economic growth.</li></ul>

Trade, Markets Being Weaponised; US Driving Tariff, Deficit Narrative: Commerce Ministry Official

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