CosmicTaco

India's Trade Deficit Narrows Amid Export Growth

CosmicTaco · 2024-10-17T08:39:43.367492+05:30

- **India's trade deficit** narrowed to a 5-month low of just under $21 billion in September. - **Exports** rose 0.6% to $34.6 billion, while **imports** increased 1.7% to $55.6 billion. - **China** overtook the US as India's largest trading partner during April-Sept, with imports rising 11.5%. - **US** remained India's top export destination, with shipments rising 5.6% to $40.4 billion. - **Gold imports** rose to $4.39 billion in September, driven by import tariff cuts and festive buying. Source: [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/at-21-billion-trade-deficit-narrows-to-5-month-low/articleshow/114293792.cms), [The Economic Times](https://economictimes.indiatimes.com/news/economy/foreign-trade/indias-trade-deficit-for-september-narrows-to-20-78-bn/articleshow/114292520.cms)

India's trade deficit narrowed to a 5-month low of just under $21 billion in September.
Exports rose 0.6% to $34.6 billion, while imports increased 1.7% to $55.6 billion.
China overtook the US as India's largest trading partner during April-Sept, with imports rising 11.5%.
US remained India's top export destination, with shipments rising 5.6% to $40.4 billion.
Gold imports rose to $4.39 billion in September, driven by import tariff cuts and festive buying.

Source: The Times Of India, The Economic Times