New Delhi, Nov 15 (Mayank Nigam) India’s merchandise exports (including re-exports) in October 2021 grew 43.05 per cent to touch USD 35.65 billion, as compared to USD 24.92 billion in October 2020, pushed by higher outbound shipments of petroleum products, coffee, engineering goods, gems and jewellery organic and inorganic chemicals and electronic goods, it was reported on Monday. India’s overall exports (merchandise and services combined) in October 2021, grew to USD 56.51 billion, a leap of 35.16 per cent over the same period last year, according to data released by the commerce ministry.
India’s overall exports in September 2021 had grown to USD 54.06 billion, exhibiting a positive growth of 21.44 per cent over the same period last year. Imports in October 2021 were USD 55.37 billion, which is an increase of 62.51 per cent in dollar terms and 65.73 per cent in rupee terms over imports of USD 34.07 billion in October 2020. Overall imports in October 2021 are estimated to be USD 68.09 billion, increasing by 57.32 per cent over the same period last year. Trade deficit though widened to $19.73 billion during October 2021, due to the rise in imports. India’s overall exports (merchandise and services combined) in April-October 2021 are estimated to be USD 369.39 billion, 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 the April-October period are estimated to be USD 409.30 billion, showing 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.