India's trade deficit expands to 27.14 billion dollars in October

In October, India's merchandise trade deficit increased to $27.14 billion from $20.8 billion in September, due to a significant rise in imports.

Imports grew nearly 20 percent sequentially, surpassing the 13.4 percent increase in goods exports during the same period.

Commerce Secretary Sunil Barthwal praised Indian exporters for their ability to deliver despite challenges in a volatile global environment.

These latest figures reflect the ongoing trade dynamics in India, with a notable emphasis on the growing import demand.

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