Business EconomyPosted at: Nov 17 2025 6:52PM


India’s trade deficit widens to USD 41.68 bln in October, gold imports surge 200pc

New Delhi, Nov 17 (UNI) India’s merchandise trade deficit widened to $41.68 billion in October from $32.15 billion in September, the commerce ministry said.
In October, India’s exports fell by 11.8% to $34.38 billion, according to the data released by the Ministry. However, imports rose sharply by 16.63% to $76.06 billion.
The surge in imports was driven by a spike in gold and silver shipments. Gold imports alone soared to $14.72 billion in October, compared with $4.92 billion during the same period last year.
As per the government data, in October, gold imports registered a growth of 199.2% to $14.7 billion against $4.9 billion in the year-ago period, while exports to the US slipped about 9% to $6.3 billion last month compared to $6.9 billion.
Further, the services exports are expected to rise from $34.41 billion in October 2024 to $38.52 billion in October 2025, while imports in the category are seen increasing to $18.64 billion in the reported period from $17.23 billion in the same period last year.
Non-petroleum and non-gems & jewellery exports in October 2025 were US$ 28.14 billion compared to US$ 31.32 billion in October 2024, while the imports in October 2025 were US$ 42.78 billion compared to US$ 39.58 billion in October 2024.
Commerce Secretary Rajesh Agrawal noted that the exports to the United States also declined, dropping to $6.3 billion in October from $6.9 billion a year earlier.
"Overall exports (merchandise and services) for the first seven months of the current fiscal have seen a growth of 4.84 per cent despite global turmoil in the trade space. In merchandise, growth has been limited at 0.63% growth in the first seven months of the current fiscal," Agarwal said. UNI VK SAS SSP
Please log in to get detailed story.
Tags: #India’s trade deficit widens to USD 41.68 bln in October# gold imports surge 200pc
More News

Brookfield, FedEx to set up GCCs in Mumbai

14 Dec 2025 | 1:39 AM

Mumbai, Dec 13 (UNI) Global alternative asset management and investment firm, Brookfield as well as FedEx Corporation plan to set up Asia’s largest global capability centre (GCC) in Mumbai, Maharashtra Chief Minister Devendra Fadnavis has announced.

see more..

Kerala boasts cost-effective ecosystem of space vendors: Experts at Huddle Global 2025

14 Dec 2025 | 1:02 AM

Thiruvananthapuram, Dec 13 (UNI) Kerala has a very cost-effective and mature ecosystem of space vendors that would help the country become a global vendor in the sector, said experts today at Huddle Global 2025.

see more..

AP: Ponduru Khadi from Srikakulam receives prestigious GI Tag

13 Dec 2025 | 8:22 PM

Srikakulam, (Andhra Pradesh), Dec 13 (UNI) After years of sustained efforts involving extensive documentation, meetings, and follow-ups, Ponduru Khadi, a traditional handwoven fabric from Srikakulam district, has been awarded the prestigious Geographical Indication (GI) tag, union Civil Aviation Minister Kinjarapu Ram Mohan Naidu on Saturday.
Ram Mohan Naidu, also a native of Srikakulam, expressed immense pride over the achievement.

see more..

SBI report flags marginal rise in inflation but sees comfort on prices and rates

13 Dec 2025 | 2:37 PM

New Delhi, Dec 13 (UNI) India’s retail inflation has shown a marginal reversal in November 2025 but remains at a comfortable level, with overall price pressures still muted, according to SBI Research’s latest Ecowrap report released on Saturday here.

see more..

Ozempic ® - world’s most prescribed GLP-1is now available in India

13 Dec 2025 | 4:02 AM

Hyderabad, Dec 12 (UNI) Novo Nordisk, a global healthcare company, on Friday announced the launch of its once-weekly diabetes drug Ozempic® (injectable semaglutide) in India, marking a significant addition to the country’s treatment options for type 2 diabetes.
The therapy, a GLP-1 receptor agonist, is approved as an adjunct to diet and exercise for adults with uncontrolled type 2 diabetes mellitus (T2DM).

see more..