📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
Business
India's Exports Surge 29.9% in October, Trade Deficit Shrinks to $20.09 Billion
✍️ The Hindu
🗓 14 Nov 2026, 05:33 AM
👁 26
India's exports jumped 29.9% in October, helping narrow the trade deficit to $20.09 billion.
India's exports rose 29.9% year‑on‑year in October, according to data released by the Ministry of Commerce. The jump was driven by higher sales of pharmaceuticals, engineering goods and textiles.
The stronger export performance helped narrow the country's trade deficit to $20.09 billion, down from $22.5 billion in September. The deficit remains the largest in the world, but the recent improvement signals a gradual recovery.
Economists say the growth reflects a rebound in global demand and a more favourable exchange rate, and it could support India’s goal of increasing exports to $600 billion by 2030.
The stronger export performance helped narrow the country's trade deficit to $20.09 billion, down from $22.5 billion in September. The deficit remains the largest in the world, but the recent improvement signals a gradual recovery.
Economists say the growth reflects a rebound in global demand and a more favourable exchange rate, and it could support India’s goal of increasing exports to $600 billion by 2030.