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India’s merchandise trade deficit likely widens to USD 28 billion in September
The Daily Guardian
|October 13, 2025
India’s merchandise trade deficit is expected to have widened to USD 28.0 billion in September 2025, up from USD 26.5 billion in August, according to a report by Union Bank of India.
The increase in the trade gap is driven primarily by a sharp rise in gold imports, which nearly doubled month-on-month despite record-high prices.
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