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December 3, 2003
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Wednesday
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Shawwal 8, 1424
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Trade deficit
NEW DELHI, Dec 2: India’s trade deficit doubled in October on surging imports as Asia’s third largest economy gathers pace and analysts expect a further widening in coming months when demand traditionally peaks.
Data released by the Commerce and Industry ministry on Tuesday showed the deficit widened to $2.02 billion from 0.94 billion a year earlier and almost $1 billion in September.—Reuters
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