India's goods trade deficit reached an all-time high of $41.7 billion in October as imports grew faster than exports. This figure marks the highest level in the country's history. The widening deficit was driven by several factors, including high energy prices and increased demand for consumer goods. Experts note that this situation creates significant pressure on the national currency and the overall economy. The government is exploring possible measures to stabilize the situation, including boosting exports and curbing imports.
