India's exports contracted 11.8 per cent to $34.38 billion in October on account of the impact of high tariffs by the US, while the trade deficit widened to a record high of $41.68 billion, mainly due to a jump in gold imports.

According to government data released on Monday, the country's imports jumped 16.63 per cent to an all-time high of U$76.06 billion due to high inbound shipments of the yellow metal, silver, cotton raw/waste, fertiliser, and sulphur.

In September, the trade gap widened to $31.15 billion, the highest in over a year.

While gold imports rose about 200 per cent to $14.72 billion, silver rose 528.71 per cent to $2.71 billion during October.

Crude oil imports dipped to $14.8 billion in October from USD 18.9 billion in the same month last year.

During April-October th

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