Trade deficit close to all-time high, thanks to record imports

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India's trade deficit nearly reached a record high in August with total imports rising to $64.4 billion due to a surge in gold shipments, while exports fell to $34.7 billion. Commerce Secretary Sunil Barthwal attributed this increase to higher prices and festival season stocking, considering these figures normal for an emerging market economy.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/F0K5ijJ

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