From NDTV
Owned by Adani Group (AMG Media)India's October Trade Deficit Widens To $39.88 Billion
What's behind this
In a major breakthrough, the United States has assured India of a comparative tariff advantage over its competitors, a condition Indian officials said is required before finalising a trade deal. Recent data show India’s exports rose 29.9 percent to $89.99 billion in October, narrowing the trade deficit to $20.09 billion. Piyush Goyal highlighted the growth and described US talks as smooth. Exports to the United States increased 11 percent, while shipments to Brazil and Mexico also recorded strong, double‑digit growth.
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RSS excerpt
India's merchandise exports hit a record $49.47 billion in October, rising 45% year-on-year, but a 16.5% increase in imports pushed the trade deficit beyond expectations to $39.88 billion.
