The trade deficit of the country is likely to settle around current levels of November in the near to medium term, with a weaker rupee expected to help keep the gap between exports and imports under control, according to a report by Nuvama.
India's trade deficit narrowed to USD 24.53 billion in November from USD 41.68 billion in October, said the data released by the government on Monday. This was driven by a fall in gold, oil and coal imports, it said.
Overall trade, including merchandise and services, recorded exports of USD 73.99 billion in November 2025, up from USD 64.05 billion in the same month last year. Imports during the period declined marginally to USD 80.63 billion from USD 81.11 billion.
The Ben Stokes-led England appear likely to stick with the same batting line-up for the third Ashes Test in Adelaide after head coach Brendon McCullum voiced strong support for his top seven, cautioning against "knee-jerk reactions" despite the 2-0 deficit to Australia, as per ESPNcricinfo.
The Indian rupee has continued to display pronounced weakness this financial year, slipping nearly 5 per cent against the US dollar and consistently trading above the 90-per-dollar mark in recent days.
India's external sector is showing mixed signals as merchandise exports lose momentum amid tariff-related disruptions, however services exports continue to provide critical support to the country's current account position, noted a report by CareEdge.
Experts in artificial intelligence (AI) have raised concerns over the risks of unregulated growth in the sector, emphasising the need for careful oversight to harness its potential while addressing challenges such as trust, security, and ethical use.
England assistant coach Marcus Trescothick acknowledged that Australia outperformed England with the bat and ball during a challenging Day 3 of the second Ashes Test at the Gabba, leaving England on the brink of a possible 2-0 series deficit.
India has the potential to raise its merchandise exports to Russia from about USD 5 billion to nearly USD 35 billion by 2030, according to a GTRI report, as President Vladimir Putin's visit to Delhi places renewed focus on narrowing the wide trade gap between the two countries.
Foreign Secretary Vikram Misri said that Prime Minister Narendra Modi and President Vladimir Putin also discussed the proposed free trade agreement that is under discussion between India and the Eurasian Economic Union
The recent depreciation in the Indian Rupee is unlikely to have any significant impact on CPI inflation in the country, as India has a low dependence on imports for food products, highlighted a report by Bank of Baroda.
President Putin is travelling with a large group of business persons, as per government sources. India expects to improve the trade deficit with Russia.