Trade deficit hits two-year low as gold imports slump
India's imports in September fell to $34.44 billion as gold and silver imports remained at very low levels. For September, the exports rose marginally to $27.68 billion as compared to $26.14 billion in the previous month. As a result of lower imports and higher exports, trade deficit in September sharply fell to $6.76 billion as compared to $10.91 billion in the previous month, the lowest since March 2011.
