India's merchandise trade deficit increased to $32.15 billion in September || BANKING AWARENESS

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India's merchandise trade deficit increased to $32.15 billion in September
India’s merchandise trade deficit widened to $32.15 billion in September, the highest in 11 months, driven by a sharper increase in imports compared to exports. Despite the U.S. decision in August to raise tariffs to 50% on several Indian exports, India’s exports rose slightly to $36.38 billion from $35.10 billion in August, while imports surged to $68.53 billion from $61.59 billion. In the first half of FY2025–26, exports to the U.S. grew 13% year-on-year to $45.82 billion, and imports from the U.S. reached $25.59 billion. Meanwhile, services exports were estimated at $30.82 billion and services imports at $15.29 billion, resulting in a net surplus of $15.53 billion in combined goods and services trade for September.

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