Скачать или смотреть India’s exports fall 11.8% in October as imports surge on festive demand

India’s merchandise exports fell 11.8% to USD 34.38 billion in October, reflecting pressure from weak global demand, government data showed. Imports, however, jumped 16.63% to USD 76.06 billion, driven largely by a spike in gold and silver inflows during the festive season. This pushed India’s trade deficit to USD 41.68 billion — one of the highest monthly gaps this fiscal. Exports to the United States dropped to USD 6.3 billion, while cumulative exports for April–October saw marginal growth of just 0.63%. Imports for the same period rose 6.37% to USD 451.08 billion, signalling strong domestic demand.

Dear Viewers,

We’re excited to announce the launch of our new channel — The Hindu Originals.

Here, our seasoned journalists break down politics, governance, culture, and world affairs, and take you to the ground to tell stories that define today’s India.

Subscribe to our new channel here:
👉    / @thehinduoriginals  

Visit https://www.thehindu.com/ for the latest updates, analysis, opinions, and more.

You can also download our apps:
Android: https://bit.ly/3nboBEi
iOs: https://apple.co/3EDCwt4

The Hindu is committed to keeping you up-to-date with information on the developments in India and the world. We promise to deliver quality journalism that stays away from vested interest and political propaganda. You can support us by subscribing to our digital offerings here: https://bit.ly/3emywiz

Follow us:
Twitter:   / the_hindu  
Instagram:   / the_hindu