India's trade deficit in October widens to $26.91 bn, exports down 17%

Imports during October increased to $56.69 billion against $53.64 billion in October 2021

India's trade deficit widened to $26.91 billion in October. The exports contracted by 16.65 per cent to $29.78 billion in October as compared to $35.4 billion in September, according to data released by the commerce ministry on Tuesday. In October 2021, the exports stood at $35.7 billion. 

Imports during the month under review increased to $56.69 billion against $61.16 billion in September, In October 2021, imports stood at $53.64 billion.  

During April-October, exports recorded a growth of 12.55 per cent to $263.35 billion. Imports rose 33.12 per cent to $436.81 billion, as per the data.

"Both the merchandise exports