India’s Goods Trade Deficit in October Shatters Records, Beating Estimates, as Gold Imports Surge 200%

Excessive dependence: On India’s external trade landscape

India’s record goods trade deficit in October reflects a disturbing turn in its external trade landscape

Gold rush sparks concerns for India's wide trade deficit

India's goods trade deficit widened significantly to a record $42 billion in October, driven by a threefold surge in gold imports to $14.72 billion. This rise, coupled with a widening oil deficit, overshadowed a slight improvement in the electronics deficit. Merchandise exports also contracted sharply by 11.8% year-on-year, raising concerns about the country's external balances amidst slowing global trade trends.

India's rising gold imports should be monitored to assess increasing trade deficit: Report

India's soaring gold imports, driving a record trade deficit, necessitate close monitoring amid global trade slowdown concerns.

India’s goods trade deficit in October shatters records, beating estimates, as gold imports surge 200%

India's trade deficit soared to a record high of $41.7 billion as festive demand for gold led to sharp rise in imports while U.S. tariffs hit exports.

India's exports fall nearly 12% in October, trade deficit widens to USD 41.68 billion

India's exports contracted 11.8 per cent to USD 34.38 billion in October, showed government data released on Monday. Imports jumped 16.63 per cent to USD 76.06 billion. The country's trade deficit stood at USD 41.68 billion during the reporting month. Imports surged due to increased shipments of gold and silver. Gold imports jumped to USD 14.72 billion in the last month against USD 4.92 billion recorded in the same month last year. The country's…

Exports Plunge 11.8% in October, Trade Deficit Soars To $41.68 Billion

India's exports contracted 11.8 per cent to USD 34.38 billion in October, according to government data released on Monday.