The goods trade deficit swelled to a higher-than-expected $31.46 billion last month as a 6.3% rise in exports was offset by a 12% rise in imports, showed data from the ministry of commerce and industry. The deficit was a higher than a Reuters poll of economists that had projected it at $20.5 billion.
Goods imports in October swelled to $65.03 billion as gold imports rose by 95% on an annual basis to $7.23 billion, Reuters reported, citing a commerce ministry official.
The huge rise in gold imports during October was due to the Diwali festival in November, a season when people usually purchase gold as it is considered auspicious. Last year, Diwali was celebrated in October.
Denne historien er fra November 16, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra November 16, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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