India’s Trade Deficit Hits $32.15 Billion in September 2025:
India’s merchandise trade deficit widened sharply to $32.15 billion in September 2025, marking an 11-month high, according to data released by the Commerce Ministry on October 15. This surge, significantly above expectations, reflects a faster rise in imports than exports—compounded by recent US tariff hikes on key Indian goods. This development comes just days before critical trade negotiations with Washington, where India is expected to increase its US energy imports and defend its Russian oil purchases amid growing geopolitical scrutiny.
