Summary: India’s goods trade deficit reached a record high of $41.7 billion in October, driven by a 200% surge in gold imports and a decline in exports to the U.S. due to tariffs. While exports to China rose, the U.S. remained India’s largest export destination.

Link: https://www.cnbc.com/2025/11/18/indias-goods-trade-deficit-october-record-high-tariffs-gold-imports-.html