India's trade deficit likely hit $28 billion in September

Business Oct 12, 2025

India's trade deficit is expected to have reached $28 billion in September 2025, rising from $26.5 billion the month before.
The main reason? Gold imports nearly doubled thanks to festive and wedding season demand, even with prices staying high.
Global commodity prices also edged up a bit during this time.

US-India trade deal delay adds to challenges

The ongoing delay in the US-India trade agreement is making things tougher, since the US buys about 20% of India's exports.
This could slow down shipments and keep the deficit high.
Still, officials are hopeful that upcoming talks might lower tariffs and open more doors for Indian exports down the line.