Exports Down, Imports Up: India’s Trade Deficit Hits New High

Exports Down, Imports Up: India’s Trade Deficit Hits New Highon recorded in September’25. 

This is perhaps owing to the US tariffs’ impact on goods such as shrimp, textiles, gems and jewelry, and other goods and services that the US exports from India. On the other hand, India’s imports from the US rose to $4.47 billion compared to $3.98 billion recorded in September’25. 

Significant Rise in Gold Imports 

While the exports declined during October, India’s gold imports rose significantly on the contrary. During the month, India imported gold worth $14.7 billion, which is way higher than the September import value of $9.6 billion. 

The total imports for October declined to $76.06 billion, compared to September’s $68.53 billion, mainly owing to the rise in gold imports. 

Wrapping up 

October is the second full month, when the astounding tariffs which even goes up to 50% on certain Indian exports are at play. Thus, the effect is now more elaborately visible on the India trade deficit. However, both the Indian government and the US Government are still negotiating about the bilateral trade agreement. It will be interesting to see how the government tackles this widening trade deficit. 

Source: Financialexpress

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