New Delhi, Nov. 22 -- From widening trade gaps induced by US tariff headwinds and surging gold imports to a rise in the urban unemployment rate in October, shifting consumption patterns in the economy, and Indian companies' cautious but steady push into generative AI, here's this week's news in numbers.
India's goods trade deficit widened to a record high of $41.7 billion in October, showed provisional data released by the commerce ministry this week. The trade gap widened by 29.6% from September, and by nearly 60% from a year ago. The surge in gold imports and the impact of US tariffs on Indian exports were the primary factors driving the increase in trade deficit. Exports to the world's largest economy stood at $6.3 billion, up 15% fro...
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