India's October exports increases by 35.16 pc over same month last year, export up by 57.32 pc

India's overall exports (Merchandise and Services combined) in October 2021 are estimated to be USD 56.51 Billion, exhibiting a positive growth of 35.16per cent over the same period last year and a positive growth of 29.13per cent over October 2019, as per the Union Ministry of Commerce & Industry.

The Overall imports in October 2021 are estimated to be USD 68.09Billion, exhibiting a positive growth of 57.32 per cent over the same period last year and a positive growth of 40.82 per cent over October 2019, informed the Ministry.

Whereas, India's overall exports (Merchandise and Services combined) in April-October 2021 are estimated to be USD 369.39Billion, exhibiting a positive growth of 39.83 per cent over the same period last year and a positive growth of 19.97 per cent over April-October 2019. Overall imports in April-October 2021 are estimated to be USD 409.30 Billion, exhibiting a positive growth of 63.64 per cent over the same period last year and a positive growth of 13.57 per cent over April-October 2019," reads the official statement.

Taking merchandise and services together, overall trade balance for October 2021 is estimated at USD (-) 11.58Billion as compared to USD (-) 1.47Billion in October 2020, a decline of (-) 685.57per cent. In comparison to October 2019(USD (-) 4.59Billion), trade balance in October 2021 exhibited a negative growth of(-) 152.36per cent, informs the official statement.

( With inputs from ANI )

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