Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Record gold imports widen trade deficit
The New Indian Express Kozhikode
|December 17, 2024
IN what could put pressure on the economy, India's trade deficit -- the difference between imports and exports -- widened to a record $37.8 billion in November, showing a 4.8% drop in exports and a record increase in imports driven by massive gold demand.
The average monthly deficit recorded during the April-October 2024 period was $23.5 billion, government data released on Monday showed.
In absolute terms, merchandise exports fell from $33.75 billion in November 2023 to $32.11 billion in November 2024. In contrast, imports during the month grew 27% to $69.95 billion with gold shipments rising 4.3 times to $15 billion.
This story is from the December 17, 2024 edition of The New Indian Express Kozhikode.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Kozhikode
The New Indian Express Kozhikode
Will soon reveal 'H-bomb' to expose 'vote theft': Rahul
LEADER of the Opposition in Lok Sabha, Rahul Gandhi, once again claimed that he will soon reveal a ‘hydrogen bomb’ that will prove vote theft by Prime Minister Narendra Modi and the BJP.
1 min
September 21, 2025
The New Indian Express Kozhikode
I don't want you!
THE abrupt announcement by the US to levy an annual fee of 88.13 lakh on H1-B visa holders from September 21, with a mere 36-hour window, stunned Indian techies living in the US as well as those planning to visit the country.
1 mins
September 21, 2025
The New Indian Express Kozhikode
DADASAHEB PHALKE AWARD FOR MOHANLAL
MALAYALAM cinema icon Mohanlal has been chosen for the Dadasaheb Phalke Award 2023.
1 mins
September 21, 2025
The New Indian Express Kozhikode
INVOKES BHAGAVAD GITA At Ayyappa meet, Pinarayi makes a political statement
QUOTING from Bhagavad Gita to delineate qualities of a true devotee and pitching Sabarimala as a rare shrine that embodies secular spirituality, Chief Minister Pinarayi Vijayan on Saturday donned an all-new avatar.
1 min
September 21, 2025
The New Indian Express Kozhikode
2.8L Indian jobs on the line as Trump slaps $1L H-1B fee
THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data.
1 mins
September 21, 2025
The New Indian Express Kozhikode
India vs Pak: Sports no longer tool of diplomacy
OVER the last few months, there has been a growing clamour for the Indian cricket team to refuse to play Pakistan and it grew before their first match in Asia Cup group stage. India comfort
1 min
September 21, 2025
The New Indian Express Kozhikode
Khalistan-point figures in India, Canada high-level dialogue
IN a key step towards mending diplomatic ties, National Security Adviser Ajit Doval held bilateral security consultations with his Canadian counterpart Nathalie Drouin in New Delhi on Thursday.
1 min
September 20, 2025
The New Indian Express Kozhikode
Zubeen Garg of ‘Ya Ali’ fame dies in Singapore scuba diving accident
NORTHEAST’S OWN
1 mins
September 20, 2025
The New Indian Express Kozhikode
Zubeen Garg of 'Ya Ali' fame dies in Singapore scuba diving accident
NORTHEAST'S OWN
1 mins
September 20, 2025
The New Indian Express Kozhikode
Kochi chosen for Messi’s November date
THE suspense is finally over.
1 min
September 20, 2025
Listen
Translate
Change font size