India’s exports rise to near-$90 billion in October, led by record merchandise shipments and stronger services. Multiple outlets report year-on-year export growth of about 29.9% to $89.99 billion (around $90 billion), with merchandise exports near $49.47 billion and services contributing the remainder.
At the same time, import growth pushes the merchandise trade deficit higher. Reports say imports climb to about $89.35 billion in October, widening the merchandise deficit to $39.88 billion, while one outlet notes the overall trade deficit narrows to $20.09 billion. Coverage links export momentum to factors such as festival-season demand, higher oil prices driving imports, and trade diversification or deals supporting exports.
Outlets differ in emphasis: some foreground the export record and progress toward an export target for the fiscal year, while others lead with how the deficit changes. A few also highlight the role of services and recent or upcoming trade discussions, including mention of the UK, New Zealand, and EU-related talks.
