India’s trade deficit reached a record $41.68 billion in October due to a rise in gold imports and poor US exports.
Due to a rise in gold imports and a fall in exports to the United States, India’s goods trade imbalance grew to a new high of $41.68 billion in October, according to government figures released on Monday. September saw a 13-month high of $32.15 billion for the trade deficit. The Reserve Bank of India reports…