Merchandise trade deficit may narrow to $26.1bn in Aug on festive gold demand
India’s merchandise trade deficit saw a slight decrease in August 2025, according to a Union Bank of India report, primarily driven by increased gold imports for the festive season. However, the ongoing stalemate in the India-US trade deal continues to pressure trade dynamics, impacting export growth.
India’s merchandise trade deficit saw a slight decrease in August 2025, according to a Union Bank of India report, primarily driven by increased gold imports for the festive season. However, the ongoing stalemate in the India-US trade deal continues to pressure trade dynamics, impacting export growth.