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Record trade deficit in October: Gold imports surge, exports slide — why it happened | Business News

Last Updated: Nov 20 2025 | 11:22 AM IST

India’s merchandise trade deficit has hit an all-time high. A massive jump in gold imports and a sharp fall in exports have pushed the gap to a record level in October. Here’s what the numbers say, what caused the spike, and what it means for the economy.

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