The country's trade deficit declined to $20.78 billion in September.

India's trade deficit narrowed to $20.78 billion in September as the growth rate of imports of various goods slowed to 1.6 percent and the rate of exports increased by 0.5 percent.

Which is the lowest level in five months. A good sign is that India's trade deficit has narrowed despite weak global demand and increasing geopolitical challenges.

The country's trade deficit increased to $29.7 billion in the month of August, which is the highest level in 10 months. In the month of September, the export figure was 34.58 billion dollars, while the import figure was 55.36 billion dollars. When the Union Commerce Department released the data today, Commerce Secretary Sunil Barthwal said that despite many challenges on the global trade front, India's exports have been good not only in September but also in the first half of 2023-24. It is noteworthy that last week the World Trade Organization had reduced the global trade growth estimate for the year 2025 from the previous level of 3.3 percent to 3 percent. However, for 2024, the organization has slightly raised its forecast for global trade to 2.7 percent from the previous level of 2.6 percent. However, the organization also said that policy uncertainty due to current geopolitical tensions and increased regional conflict could lead to a decline in global trade.