Exports from India increased in October 2021 mainly due to increase in demand
Due to strong global demand, the country’s exports grew 43 percent to $35.65 billion in October 2021 from $24.92 billion in the same period last year.
According to data released by the commerce ministry, the trade deficit widened to $19.73 billion during October 2021.
The trade deficit widened during the same period mainly due to imports rising 62.51 per cent to $55.37 billion.
Sectors showing positive growth during October include coffee, cotton yarn, gems and jewellery, petroleum and marine products.
Total exports during April-October 2021 stood at $233.54 billion, an increase of 55.13 per cent over the same period last year.
During the same period, imports grew by 78.16 per cent to $331.39 billion.
India’s total exports (inclusive of goods and services) in April-October 2021 is estimated at $369.39 billion, a growth of 39.83 percent over the corresponding period last year and a further increase of 19.97 percent over the period April-October 2019 it shows.
The total imports in April-October 2021 are estimated at $409.30 billion, showing a growth of 63.64 per cent over the same period last year, the ministry’s data said.
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