News
India's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion, with total exports, including services, expected to surpass $800 billion this year, according to Commerce Secretary Sunil Barthwal.
October’s trade deficit widened to $27.14 billion from $20.8 billion in September. Strong growth in engineering goods, chemicals, electronics, and textiles contributed, with Christmas demand driving higher export figures.