India's trade deficit widens to over 3-year high in December
Led by a surge in gold and crude imports, India's trade deficit, the gap between exports and imports, widened to its highest in over three years in December. The trade deficit stood 41.1% higher compared to the previous year at $14.88 billion, while the deficit was at $13.83 billion in November. Gold imports by India surged 71.5% to $3.4 billion.