By Online DeskThe increasing gap between India’s exports and imports poses a risk to the economy due to adverse global developments, analysts said, commenting on recent trade data. With this, India's oil imports grew to USD 9.7 billion and its trade deficit widened to USD 31.5 billion in October. With this, India's oil imports grew to USD 9.7 billion and its trade deficit widened to USD 31.5 billion in October. However, oil exports fell to USD 6 billion and non-oil exports fell to USD 27.6 billion. ".. non-oil imports are likely to remain firm relative to non-oil exports," said the broking firm.

Source: Indian Express November 22, 2023 01:41 UTC