India trade deficit hits 12-month high as imports reach record
In short
India’s trade deficit widened to $39.88 billion in October, a 12-month high. Imports hit a record $89.35 billion, while exports rose 45% to $49.47 billion.
What the reporting says
India’s trade deficit widened to $39.88 billion in October as merchandise imports hit a record $89.35 billion. Exports also surged 45% to $49.47 billion, but the rise was not enough to offset the import spike. The figures pushed the deficit to a 12-month high, based on the reported monthly trade numbers.
Why it matters
India’s trade deficit widened to $39.88 billion in October, the highest in 12 months, as merchandise imports hit a record $89.35 billion. Exports rose 45% to $49.47 billion, but not enough to close the gap. The monthly numbers signal a wider trade imbalance and matter for policymakers, import-dependent businesses and the broader economy.