New Delhi [India], November 18 (ANI): India's widening goods trade deficit in October has raised concerns among analysts, with Nuvama Research highlighting that the country's rising gold imports must be closely watched to assess the future trade deficit trajectory.

According to the report, weak global trade trends and India's gold import trajectory will remain key monitorables.

It stated "global trade trends (with early signs of a slowdown) as well as India's gold import trajectory shall be key monitorables for assessing the trade deficit path".

According to the trade data released on Monday, India's goods trade deficit expanded sharply to a record USD 42 bn in October, compared to USD 32 bn in September. India's gold imports shot up 199 per cent YoY to USD14.7bn from USD 9.6 bn, rising

See Full Page