Recently India rsquo s trade deficit widened to a 10 month high of 29 7 billion in August 2024 What ...........

Current GK (RBI Ast) Indian Economy

Recently, India’s trade deficit widened to a 10-month high of $29.7 billion in August, 2024. What had been Merchandise exports in August ?

$34.7 billion

$25.5 billion

$45.9 billion

$54.5 billion

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Explanation:

India’s trade deficit widened to a 10-month high of $29.7 billion in August as imports hit a record high of $64.4 billion on doubling of gold inflows, and exports contracted for the second month in a row to $34.7 billion due to softening of oil prices and muted global demand.