Exports up 6.21 pc to $33.57 bn in Oct; trade deficit high at $31.36 bn: Govt data

New Delhi: India’s merchandise exports rose by 6.21 per cent to $33.57 billion in October this year even as trade deficit ballooned to $31.46 billion during the month, government data showed Wednesday.

Imports increased to $65.03 billion in the month under consideration, as against $57.91 billion recorded in October 2022.

Also Read

FPIs take out Rs 7,945 crore from equities in September

13 minutes ago

Mcap of seven of top-10 most valued firms jumps by Rs 1.18 lakh crore; SBI, Airtel biggest winners

1 hour ago

The country’s trade deficit in October stood at $31.46 billion.

During the April-October period of this fiscal year, exports contracted by 7 per cent to $244.89 billion. Imports during the seven-month period fell by 8.95 per cent to $391.96 billion.

Commerce Secretary Sunil Barthwal said the trade numbers in October reflect ‘green shoots’ of recovery in outbound shipments.

PTI