India’s exports rose by 43% to $35.65 billion in October while imports soared widening the trade deficit to $19.73 billion in the month, according to official data.
Imports surged by 62.5% to $55.37 billion widening the trade deficit.
Export sectors which recorded positive growth during October include petroleum, coffee, engineering goods, cotton yarn/fabs./made-ups, gems and jewellery, chemicals plastic and linoleum and marine products, the data showed.
Cumulatively, exports during April-October stood at $233.54 billion, an increase of 55.1%. Imports rose 78.2% to $331.39 billion, the data showed.