India’s Trade Gap Widens to Record as Imports Rise on Demand

India’s trade deficit widened to a record in October as imports rose due to higher domestic demand after a cut in consumption tax, while outbound shipments fell due to US...

By Shruti Srivastava · Bloomberg Markets

India’s trade deficit widened to a record in October as imports rose due to higher domestic demand after a cut in consumption tax, while outbound shipments fell due to US tariff policies.