India’s Sept trade deficit widens to record $22.6 bn

India’s merchandise trade deficit widened to a record $22.6 billion in September, the highest in at least about 14 years, data released by the government showed on Thursday.

India’s merchandise exports rose by 22.63 per cent year-on-year to $33.79 billion in September on better performance by key sectors like engineering goods and petroleum products.

Merchandise imports stood at $56.39 billion in September, an increase of 84.77 per cent compared to the year-ago period.

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