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Trade deficit narrows to $26.86 bn in August

economictimes.indiatimes.com · 5h · first reportShare

India’s merchandise trade deficit narrowed marginally to $26.86 billion in August from $27.2 billion a year earlier, Commerce Secretary Rajesh Agarwal said on Tuesday.India’s merchandise exports rose 26.1% year-on-year to $43.81 billion in August, while imports grew 14.1% to $70.76 billion, narrowing the trade deficit marginally to $26.95 billion from $27.22 billion a year earlier.ALSO READ | India's retail inflation quickens to 4.8% in August from 4.45% in July as food prices exert pressureMerchandise exports stood at $44.24 billion in July, while imports were at $76.22 billion.India's gold imports dipped to $2.3 billion in August, from $5.4 billion in August 2025, registering a decline of 57.7 per cent. Economists ⁠had expected the deficit to ​be $32 billion in August, according to a Reuters poll, ​compared with a deficit of $31.98 billion in the previous month.ALSO READ | India's wholesale inflation accelerates to 9.92% in August from 9.78% in July Exports are maintaining positive m