Indias Trade Deficit Soars in August Amid Record Gold Imports, Report Highlights Slowing IT Export Growth
New Delhi: The surge in trade deficit in the month of August was primarily driven by record Gold imports totalling USD 10.1 billion, according to a report by Emkay. As per the report, the spike in gold imports was due to the reduction in customs duty and increased demand ahead of the festive season. “The…