From Deccan Chronicle
Owned by Deccan Chronicle HoldingsIndia's October Trade Deficit Hits One-year High of $39.88 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
As far as the deficit is concerned, it widened by nearly 32 percent month-on-month, despite merchandise exports climbing to an all-time high of $49.47 billion in October from $44.40 billion in September