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11 Feb 2026


India October trade deficit hits $41.68 billion

Gold and silver imports push trade gap higher

India’s trade deficit hit a record USD 41.68 billion in October 2025. Exports fell 11.8% to USD 34.38 billion, while imports rose 16.6% to USD 76.06 billion, driven by gold and silver purchases, putting pressure on the rupee and reserves.