{
  "id": 14713466,
  "title": "India goods trade deficit eases to $30 bn, goods exports jump 23%, services log rare dip",
  "url": "https://urgent.news/2026/10/15/india-goods-trade-deficit-eases-to-30-bn-goods-exports-jump-23",
  "topic": "world",
  "section": "World",
  "published": "2026-10-15T14:11:15.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/economy/india-goods-trade-deficit-eases-to-30-bn-goods-exports-jump-23-services-log-rare-dip-10923351/"
  },
  "original_language": "en",
  "account": "India's goods trade deficit narrowed to $30.2 billion in September, driven by a 23% surge in exports to the US. Meanwhile, services exports experienced a rare decline. The Commerce and Industry Ministry reported that goods exports jumped to $44.40 billion, up from $36.08 billion a year earlier, while imports grew at a slower pace of 8% to $74.61 billion. The trade deficit eased in part due to a sharp decline in gold imports, which dropped 81.3% to $1.8 billion from $9.6 billion in the previous year. Aditi Nayar, Chief Economist at ICRA, noted that India's goods exports grew by over 20% for the second consecutive month in September, despite a slowdown in import growth. US exports accounted for a significant portion of the increase, with a 48% jump to $8 billion. Commerce Minister Piyush Goyal announced that the first phase of the India-US trade pact has been finalized and is undergoing legal drafting. Meanwhile, services exports fell to $36.35 billion, as global service trade growth slowed amid the West Asia crisis and higher energy costs.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}