Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsOpinionData Story: India's October trade deficit balloons, but gold rush, base effects tell a deceptive story

    Data Story: India's October trade deficit balloons, but gold rush, base effects tell a deceptive story

    India's merchandise exports contracted 11.82 percent in October 2025, pushing the trade deficit to a staggering $41.68 billion, but beneath the alarming headline numbers lie temporary distortions from festive gold imports and statistical base effects that mask a more nuanced reality

    Manas Chakravarty
    November 18, 2025 / 09:27 IST
    -
    • PRO Panorama

      Moneycontrol Pro Panorama | A bag of chips full of air

      Nov 20, 2025 / 03:06 PM IST

      Moneycontrol's Pro Panorama November 20 edition: India's trade ties tilt more to China, position your equity portfolio smartly bef...

      Read Now
    Unlock This Article

    Are you a PRO subscriber? Sign In

    What Do You Get

    • Ad free Experience

      Seamless navigation, faster responses.

    • Expert Perspective

      Explore 230+ exclusive editorials every month

    • +

      Uncover Insights from World-Renowned Experts and Journalists

    • Actionable Insights

      40+ weekly investment ideas + 3 to 4 daily technical calls

    • Virtual Events

      Exclusive Live Webinars for Expert Trading & Investment Strategies!

    • Newsletters

      Stay ahead with daily and weekly insights

    View Offers

    Unlock exclusive discounts