Imports have surged sharply in September, leading to the rise in the merchandise trade deficit. (Representative image: Pixabay) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India's merchandise trade deficit rose to $32.15 billion in September versus $26.5 billion in August, according to a press briefing by the Ministry of Commerce on Wednesday. This was the highest in 13 months, led by a surge in imports, including gold.

Exports grew by 6.7% on an annual basis to $36.38 billion, whereas imports grew by 16.6% on an annual basis to $68.53 billion. On a monthly basis, merchandise exports rose by 3.6%, while imports rose by 11.3%.

Imports have surged sharply in September, leading to the rise in the merchandise trade deficit. This includes higher imports of gold, fertilise

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