💨 Abstract

India's merchandise trade deficit was lower than expected in September at $20.78 billion, due to a significant drop in gold imports. Merchandise exports decreased slightly, while imports fell more significantly. This was partially attributed to lower gold imports ahead of festivals and favorable prices. Services exports were estimated at $30.61 billion, while imports were $16.32 billion.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖