Merchandise trade deficit: Figure may narrow to $26.1 billion in August on festive gold demand; US tariff risks remain – The Times of India
India’s merchandise trade deficit is likely to ease marginally in August 2025, supported by a rise in gold imports ahead of the festive and wedding season, according to a report by Union Bank of India.The report estimated the deficit at $26.1 billion in August, compared with $27.4 billion in July, noting, “Merchandise trade deficit likely…