Exports from India grew in October 2021 mainly due to increase in demandLed by robust global demand, country’s exports went up by 43 per cent in October 2021 to $35.65 billion, compared to $24.92 billion of the corresponding period of last year.Trade deficit though widened to $19.73 billion during October 2021, according to data released by the commerce ministry.Trade deficit gap widened mainly due to imports rising by 62.51 per cent to $55.37 billion, during the same period.Sectors which showed positive growth during October included coffee, cotton yarn, gems & jewellery, petroleum and marine products among others.Cumulatively exports during April-October 2021 stood at $233.54 billion, which is an increase of 55.13 per cent compared to the same period of last year.During the same period, imports rose by 78.16 per cent to $331.39 billion. India’s overall exports (merchandise and services combined) in April-October 2021 are estimated to be $369.39 billion, exhibiting a growth of 39.83 per cent over the same period last year and a further rise of 19.97 per cent over April-October 2019 period.Overall imports in April-October 2021 are estimated to be $409.30 billion, displaying a rise of 63.64 per cent over the same period last year, the ministry data said.
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