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Exports jump 43% to $35.65 bn in Oct, imports soar 62%

INDIA'S EXPORTS ROSE by 43% to $35.65 billion in October while trade deficit widened to $19.73 billion during the month, according to the official data released on Monday.

Imports soared by 62.510/0 to $55.37 billion,widening the trade deficit. Export sectors which recorded positive growth dur-ing October include petroleum, coffee, engineering goods, cot-ton yarn/fabs./made-ups,gems and jewellery, chemicals plastic and linoleum and marine prod-ucts, the data showed.

Cumulatively, exports during April-October 2021 stood at $233.54 billion, which is an increase of 55.13% compared to the same period last year. During the same period, imports rose by 78.16% to $331.39 bil-lion, leaving a trade deficit of $97.85 billion.

Oil imports in October jumped to $14.43 billion as against $6 billion in the same month last year. The imports expanded to $87.42 billion during April-October 2021. Gold imports doubled to $5.1 billion during the month under review from $2.5 billion.

22 Nov, 2021

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