India’s Exports Rise to 491.8 Billion USD During April–October || BANKING AND FINANCIAL AWARENESS

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India’s Exports Rise to 491.8 Billion USD During April–October, Up 4.8% from Last Fiscal
India’s total merchandise and services exports increased to 491.8 billion USD during April–October, marking a 4.8% rise compared to the same period last fiscal. As per provisional data from the Commerce Ministry, merchandise exports grew 0.62%, while imports increased 6.37%. Non-petroleum exports reached 219.9 billion USD, recording a 3.92% growth. Total imports for April–October stood at 569.95 billion USD. India’s merchandise trade deficit widened to 41.68 billion USD in October, up from 32.15 billion USD in September, driven mainly by a surge in gold and silver imports, with gold imports alone rising 199.2%. In October, merchandise exports fell 11.8% to 34.38 billion USD, while imports rose to 76.1 billion USD, showing a growth of over 16%.

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