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India’s Trade Deficit Widens to Record
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.
Exports up by 9.6%, imports rise 27.5% in November; trade deficit widens to USD 19.8 billion
India’s overall exports, merchandise and services combined, in November were to the tune of USD 67.79 billion, a 9.6 rise on a yearly basis, Commerce Ministry data showed on Monday. Same month last year it was USD 61.
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
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