New Delhi, Nov. 18 -- India's merchandise exports in October 2025 fell by 11.8% to $34.38 billion as against $38.98 billion in October 2024 because of a high base effect, the US tariff barrier and a fall petroleum exports even as an import surge on the back of high gold and silver demand widened the trade deficit to a record $41.68 billion.
Surging imports with a fall in exports saw the trade deficit widening from $26.3 billion in October 2024 to $41.68 billion in October 2025.P18
Published by HT Digital Content Services with permission from Hindustan Times....