‘INVISIBLE HAND’ IN INDIA’S FOREIGN TRADE

India's "invisible" trade, comprising services exports and private remittances, now out earns "visible" goods exports, reaching $576.5 billion in 2024-25. This growth, driven by software and business services, and remittances, has proven resilient to global disruptions and has significantly offset India's merchandise trade deficit, shifting the narrative of its foreign trade from tangibles to intangibles.