India's trade deficit widened to $26.91 billion in October from $25.71 billion in September, according to data released by commerce ministry on November 15.
Exports in October contracted 16.65 percent on year to $29.78 billion in October.
Imports in October rose to $56.69 billion from $53.64 billion a year ago.During April-October, exports rose 12.55 percent to $263.35 billion. Imports rose 33.12 percent to $436.81 billion.
India’s trade deficit has ballooned in recent months amid elevated commodity prices and a recovering domestic economy which has boosted imports. Meanwhile, a slowing global economy has pressured outbound shipments.
(With inputs from PTI)