New Delhi, Nov. 17 -- India's merchandise exports fell to $34.38 billion in October.

October marks the second full month of the US tariff hike taking effect.

The trade deficit widened, driven by a surge in gold imports. The merchandise trade deficit widened to $41.68 billion in October, compared with $32.15 billion in September, according to the government's provisional estimates.

Merchandise exports in September stood at $36.38 billion.

Imports climbed to $76.06 billion in October, compared with $68.53 billion a month earlier. A year ago, in October 2024, exports were $38.98 billion and imports $65.21 billion.

In late August, US President Donald Trump announced an extra 25% duty on Indian goods, reportedly linked to New Delhi's oil ...