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MERCHANDISE TRADE DEFICIT WIDENS TO RECORD $37.84 BN
Hindustan Times Rajasthan
|December 17, 2024
NEW DELHI: 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 merchandise trade deficit in November stood at $37.84 billion, according to a Reuters calculation based on export and import data.
Economists had expected the country's November trade deficit to be $23.9 billion, according to a Reuters poll. The deficit stood at $27.14 billion in October.
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