festive season demand

Tag: festive season demand

India’s Merchandise Trade Deficit Narrows to $26.1 Billion in August 2025 Amid Festive Gold Surge

2025-09-11 Niranjan Ghatule

India’s merchandise trade deficit narrowed to $26.1 billion in August 2025, driven by a surge in festive gold imports. Union Bank of India’s report highlights steady exports, rising imports, US tariff risks, and CAD pressures, as the economy gears up for Diwali, Navratri, and the wedding season.

India’s Merchandise Trade Deficit Narrows to $26.1 Billion in August 2025 Amid Festive Gold Surge

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