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No current account concerns yet despite October trade deficit shocker India’s merchandise trade deficit hit an all-time high of $31.46 billion in October as gold imports nearly doubled from last year. But economists remain untroubled and are sticking to their full-year forecasts for the current account deficit

November 17, 2023 / 07:20 AM IST

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India’s imports surged to an all-time high in October thanks to gold imports nearly doubling from a year ago.

Siddharth Upasani is a Special Correspondent at Moneycontrol. He has been covering the Indian economy, economic data, and monetary and fiscal policies for nine years. He tweets at @SiddharthUbiWan. Contact: [email protected]

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