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trade deficit hits record high
India's Nov merchandise trade deficit widens to record $37.84 billion on soaring gold imports
India's merchandise trade deficit in November widened to a record level, led by a surge in gold imports while exports fell driven by a drop in crude oil prices, trade ministry officials said on Monday.
India’s Trade Deficit Widens to Record as Gold Demand Soars
India’s trade deficit expanded to a record high in November, as the nation’s import bill ballooned, particularly due to a rise in gold shipments.
Trade deficit at a record $38bn as gold imports rise
India's trade deficit hit a record $37.84 billion in November, driven by gold imports and declining exports, pressuring the rupee further.
Surge in gold imports pushes India's Nov trade deficit to record levels
India's merchandise trade deficit in November widened to a record level, led by a surge in gold imports, while exports fell due to weaker global demand. The merchandise trade deficit in November stood at $37.
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Merchandise exports touch 25-month low; trade deficit at new high of $37.84 billion amid gold rush
India's merchandise exports fall in November as import bill hits record high, leading to a soaring trade deficit.
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