News Update

Exports jumped from 43% to $35.65 billion !!

• ByDevika S     |    November 16, 2021

According to official figures issued on Monday, India’s exports increased by 43% to USD 35.65 billion in October, while the trade deficit worsened to USD 19.73 billion. The trade gap widened as imports increased by 62.51 percent to USD 55.37 billion.

Petroleum, coffee, engineering goods, cotton yarn/fabrics/made-ups, jewels and jewellery, chemicals plastic and linoleum, and marine products were among the export industries that grew in October, according to the report.

Exports totaled $233.54 billion from April to October 2021, an increase of 55.13 percent over the same period the previous year. Imports increased by 78.16 percent to $331.39 billion during the same time.

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