Trade dip: Exports fall 12% in October; deficit widens to $41.7 bn on gold import surge

India’s merchandise exports declined by 11.8% in October to $34.38 billion, while inbound shipments surged 16.63% to $76.06 billion. This significant increase in imports, driven by a threefold rise in gold inflows, widened the trade deficit to $41.68 billion.