India’s Goods Exports Decline by 9% in August as Petroleum Exports Slow; Trade Deficit Reaches 10-Month High of $30 Billion
India’s goods export fell by 9% in August due to a sharp decline in petroleum exports, causing the trade deficit to widen to a 10-month high of $30 billion. Amid weak demand from Western countries and China, petroleum exports dropped by 38%, attributed to the Red Sea crisis and stable oil prices, according to data…