The Indian trade balance deficit (CAD) can be controlled, thanks to the drop in gold imports by 62% to 127 tons over the period from April to June compared to the previous quarter of the fiscal year.
In fact, the increase in gold imports in June caused a sharp increase in the trade balance deficit to a record level for 11 months, and the uncertain pressure on world oil prices exerted additional pressure on the trade balance. India's trade deficit last month soared to $ 11.76 billion, a record high since July 2013.