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Exports up 6.21% to $33.57 bn in Oct; trade deficit high at $31.36 bn

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

services exports
Imports during the seven-month period fell by 8.95 per cent to $391.96 billion
Press Trust of India
1 min read Last Updated : Nov 15 2023 | 3:27 PM IST
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 on Wednesday.

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

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. 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Trade exportsIndian EconomyIndia exports

First Published: Nov 15 2023 | 2:29 PM IST

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