Trade
India’s Trade Deficit Widens on Higher Gold Import Bill
- Inbound shipments rise 10.3% to $54.09 billion in April
- Officials remain hopeful of exports holding up in 2024
A gold bar for sale at a jewelers in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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India’s trade deficit widened to a four-month high in April as strong domestic demand bumped up the nation’s import bill.