India's Steel Exports Dip, Trade Deficit Narrows in Q1 FY26

Imagine India is selling steel, like selling toys.

In the first few months, they sold a little less steel than before, but they also bought less steel from other countries.

This made their trade look better because they spent less money buying stuff.

The US bought much more steel from India, but the EU bought a little less.

Because India bought less steel from other countries, especially Japan and China due to taxes, it helped India's trade numbers.