Exports up 9.59 per cent at $23.5 billion in October; trade deficit at $10 billion Back to News & Events List


India’s merchandise exports sharply rose in October with 18 of the 30 export sectors registering a growth in outward shipments. 

Showing a 9.6% rise, exports in the month were $23.5 billion compared with $21.4 billion in the year ago period while imports rose 8.1% to $33.7 billion from $31.1 billion in the year ago period leaving a trade deficit of $10.1 billion.

“Overall the trade balance has improved,” said the commerce and industry ministry in a release.

Gold imports more than doubled to $3.5 billion from $1.7 billion in the year ago period.

As for services trade, data released by RBI showed exports worth $13.7 billion and imports of $8.3 billion in September.

India’s bullish exports have come at a time when Chinese exports fell for the seventh consecutive month in October due to weak demand.

Original Source: economictimes.indiatimes.com


Recent News


18

01/2017
Jobs Vacancy at iiiEM

Join our winning team Requirement for below position Counselors – Surat, Rajkot and Vadodara Quality Auditor - Ahmedabad Event Manager - Ahmedabad Video Edit...

17

01/2017
Join Export Import Program through bookmyshow.com

This is a program in Import and Export Management, PIEM,a 5 week comprehensive program designed with Practical Training Methodology. The faculty members arehands-on exporters t...

16

01/2017
Nashik exports 390 tonne grapes so far this season

The export of grapes from Nashik has begun and the district has exported around 390 metric tonne of grapes until January 2.   The exported grapes are from Satana belt ...

13

01/2017
Rs 50,000 crore worth MoUs signed on 2nd day of Vibrant Gujarat

Over Rs 50,000 crore worth MoUs for investments and credit were signed at the end of the second day of the Vibrant Gujarat Global Summit with State Bank of IndiaBSE -0.20 % lea...