India’s trade deficit widens to 10-month high of $24.16 billion in August

India’s goods trade deficit widened to $24.16 billion in August, its highest level in 10 months, as imports surged due to festive shopping in India. On a month-on-month basis, the trade deficit increased by nearly 17%, compared to the difference between exports and imports of goods of $20.67 billion in July. India’s imports hit an …

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