Economic dataMint
Trade deficit widens to 1-year high of $39.88bn
Negative-78
GreyOak summary
India's merchandise trade deficit reached a one-year high of $39.88 billion in October, up from $30.21 billion in September. Record imports of $89.35 billion, driven by festive demand, higher crude prices, and increased gold purchases, outpaced export growth. Exports surged 45% year-on-year to $49.47 billion.
What it affects
- Trade and current accountNegative -78
Trade deficit widened to record high.Rolling sentiment Positive +29
