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India's trade deficit surges 675% on high imports; exports up 21%

The trade deficit in September was at $22.94 billion as gold imports jumped nearly 750 per cent to $5.11 billion

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As per the preliminary data released by the Ministry of Commerce and Industry, the trade deficit, which is the gap between imports and exports, works out to be $78.81 billion during April-September period

Press Trust of India New Delhi
India’s merchandise exports jumped 21.35 per cent to $33.44 billion in September on a year-on-year basis, mainly due to better performance by key sectors like engineering goods and petroleum products, according to preliminary data released by the government on Friday.
 
In September, merchandise imports stood at $56.38 billion, an increase of 84.75 per cent compared to the year-ago period. The same was at more than $30.52 billion in the same period a year ago. It is also up 49.58 per cent over September 2019 when it had totalled $37.69 billion.
 
The trade deficit in September was at $22.94

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