Overview
- Official data show exports fell 11.8% to $34.38 billion while imports rose 16.63% to $76.06 billion in October.
- Gold imports reached about $14.7 billion in October, up from $9.6 billion in September, marking the chief driver of the shortfall.
- Analysts warn the larger gap could pressure the rupee and stoke inflation, with authorities said to be monitoring trade conditions.
- Commerce Ministry data indicate U.S.-bound exports slipped to $6.31 billion from $6.91 billion a year earlier after new tariffs hit textiles, shrimp, and gems and jewellery.
- New Delhi announced more than $5 billion in relief to support exporter liquidity following the tariff shock.