Export Rises: 43% jump in exports in October, 62% increase in imports

Import-Export Data: There is good news for India on the export front. There has been a jump of 43 percent in exports in the month of October. According to the data released by the government, in October, exports grew by 43 percent to $ 35.65 billion. However, there has also been a tremendous jump in imports during this period.

According to the data released, in the month of October, imports ie imports increased by 62.51 percent to $ 55.36 billion. Tremendous increase in imports The trade deficit of the country has also increased. Petroleum, Coffee, Engineering Goods, Cotton Yarn/Fab, Gems & Jewellery, Chemicals Plastics, Marine Products and Linoleum.

On the other hand, if we look at the export figures in April to October, 2021, India has exported a total of $ 233.54 billion, which is 55.13 percent more than last year. While there has been a jump of 78.16 percent in imports. The total imports during this period stood at $331.39 billion.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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