INSUBCONTINENT EXCLUSIVE:
Exports from India grew in October 2021 generally due to increase in demandLed by robust global demand, nation's exports went up by 43 per
cent in October 2021 to $35.65 billion, compared to $24.92 billion of the corresponding duration of last year.Trade deficit though expanded
to $19.73 billion throughout October 2021, according to data launched by the commerce ministry.Trade deficit gap expanded mainly due to
imports increasing by 62.51 percent to $55.37 billion, throughout the very same period.Sectors which revealed positive growth throughout
October included coffee, cotton yarn, gems - jewellery, petroleum and marine items among others.Cumulatively exports during April-October
2021 stood at $233.54 billion, which is an increase of 55.13 percent compared to the very same period of last year.During the very same
duration, imports rose by 78.16 percent to $331.39 billion
India's total exports (product and services integrated) in April-October 2021 are estimated to be $369.39 billion, exhibiting a growth of
39.83 percent over the exact same period last year and an additional increase of 19.97 percent over April-October 2019 period.Overall
imports in April-October 2021 are estimated to be $409.30 billion, displaying a rise of 63.64 percent over the same duration last year, the
ministry information stated.
