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India's Trade Deficit Widens to $30.21 Billion in September Despite 23% Jump in Exports
Imports rose to $74.61 billion as higher energy costs and conflict-driven supply disruptions widened the gap, government data showed.
- On Thursday, government data showed India's merchandise trade deficit widened to $30.21 billion in September from $26.86 billion in August, despite exports rising 23%.
- Rising oil prices and supply disruptions linked to the US-Iran conflict contributed to the widening trade gap, as Brent crude futures remained above $100 per barrel amid intensifying attacks near the Strait of Hormuz.
- The Society of Indian Automobile Manufacturers reported automobile exports rose 22.5% to 684,481 vehicles, with two-wheeler shipments jumping 26.8% to 544,797 units, while gold imports fell to $1.8 billion.
- To contain inflationary pressures and support the rupee, the Reserve Bank raised interest rates earlier this month as India's trade deficit with China crossed $100 billion in nine months.
- India is diversifying export destinations, with a trade agreement with New Zealand taking effect next week, while pacts with Britain and the European Union move toward implementation.
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India's September merchandise trade deficit widens to $30.21 billion
·London, United Kingdom
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India's Merchandise Exports Jump 23% to USD 44.4 Billion in September, Trade Deficit Narrows
Get latest articles and stories on Business at LatestLY. India's merchandise exports rose 23.04 per cent to USD 44.40 billion in September 2026, compared to USD 36.08 billion a year ago, according to data released by the Ministry of Commerce and Industry on Thursday. Business News | India's Merchandise Exports Jump 23% to USD 44.4 Billion in September, Trade Deficit Narrows.
·Mumbai, India
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Total News Sources13
Leaning Left0Leaning Right5Center5Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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