India's merchandise exports hit record $49.47 billion in October
By News Desk — API··~1 min read
India's merchandise exports reached a record $49.47 billion in October, up 45% year-on-year, the Hindustan Times reported. Commerce secretary Rajesh Agrawal called it the fastest growth in five years, driven by petroleum products, cereals, electronic goods and handicrafts.
Imports climbed 16.51% to $89.35 billion, largely due to crude oil prices spiking near $120 a barrel amid West Asia tensions. However, gold imports collapsed 63%, helping narrow the trade deficit to $39.88 billion. Including services, combined exports reached $89.99 billion—also a record—while the overall trade deficit fell to $20.08 billion.
Source: Hindustan Times — India — read the original report ↗
Reported on Fri, 13 Nov 2026 23:55:30 GMT.