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India's exports rise by 17.25% to over $39 bln in October

The trade grew against the backdrop of an increased demand for Indian products in Europe and the United States, overcoming the stagnation in September

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.