India’s trade deficit widens to record high of $41.68 bn in October; exports down 11.8%

India’s merchandise trade deficit widened to $41.68 billion in October. This figure surpassed economists’ predictions of $28.8 billion. The deficit was higher than the $32.15 billion recorded in the preceding month. Government data released on Monday revealed these trade figures. This development highlights a significant shift in India’s trade balance.

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