NEW DELHI, November 14. /TASS/. India's exports grew by 17.25% to $39.2 bln in October, the best result in recent months, the Ministry of Economic Development and Trade reported.
According to its data, imports in October rose to a new record level of $66.34 bln, which is 3.9% more than in the same month last year. At the same time, the trade deficit rose to $27.1 bln. The trade grew against the backdrop of an increased demand for Indian products in Europe and the United States, overcoming the stagnation in September.
India's exports in September stood at $34.58 bln while imports were $55.36 bln. The trade deficit for the month was $19.37 bln.
Commerce Secretary Sunil Barthwal said India's non-oil exports rose to $211.3 bln between April and October. If the trend continues, India's total exports, including services, will cross the $800 bln mark in the current fiscal year 2024-2025, setting a new record.