From The Pioneer
Owned by The PioneerIndia's exports up 29.9 pc to USD 89.99 bn in October; trade deficit narrows to USD 20.09 bn
What's behind this
India’s merchandise exports rose sharply in October, with Hindustan Times reporting a 45 % increase to a record $49.47 billion, while The Pioneer said monthly exports reached a “highest‑ever” $89.99 billion. Hindustan Times also noted imports grew 16.51 % to $89.35 billion. The Pioneer added that the surge helped narrow the trade deficit to about $20.09 billion and lifted foreign‑exchange reserves by $2.49 billion to $719.547 billion, indicating robust growth despite global headwinds.
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RSS excerpt
New Delhi: India's exports increased 29.9 per cent to USD 89.99 billion in October while the trade deficit narrowed to USD 20.09 billion, government data released on Friday showed. The country's exports -- including merchandise and services -- stood at USD 69.27 billion in the same month last year…