India's Trade Deficit Hits 5-Month Low in September

Published on: October 17, 2024 - India's goods trade deficit narrowed to a five-month low in September, reflecting positive shifts in the country's export and import dynamics. Merchandise exports rose to $34.58 billion, while imports dropped to $55.36 billion. Key sectors like engineering goods, pharmaceuticals, and chemicals continue to support export growth. Meanwhile, fluctuating global demand, geopolitical tensions, and oil price volatility are influencing India's trade outlook. Explore how these factors are impacting India's economic position and what the future holds for the nation's trade performance.