India’s exports up 17.25 pc at $39.2 billion in Oct

New Delhi: India’s merchandise exports in October rose by 17.

25 per cent to $39.

2 billion against $33.

43 billion a year ago, according to government data released Thursday.

Imports increased by 3.

9 per cent to $66.

34 billion in October compared to $63.

86 billion in the year-ago period.

The trade deficit, or the gap between imports and exports, was $27.

14 billion during the month under review.

India’s merchandise exports had marginally risen by 0.

5 per cent to $34.

58 billion in September.

During April-October this fiscal, exports increased by 3.

18 per cent to $252.

28 billion, and imports by 5.

77 per cent to $416.

93 billion.

Commenting on the data, Commerce Secretary Sunil Barthwal said, “This has been an extremely good month for exports…If we continue in this manner, we will cross $800 billion of exports this year”.

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