India's trade deficit soared to a record high of $41.7 billion as festive demand for gold led to sharp rise in imports while U.S. tariffs hit exports.

India's trade deficit soared to a record high of $41.7 billion as festive demand for gold led to sharp rise in imports while U.S. tariffs hit exports.

Goods exports to the US rose for the first time in five months in October, jumping14.5% from September.