Country's merchandise trade deficit in October 2021 narrowed down to $19.9 billion from a record $22.6 billion recorded in September 2021, while the country's merchandise exports in October 2021 jumped 42 per cent to $35.47 billion, according to information released by the Commerce Ministry on Monday. In October 2020, exports had stood at $24.92 billion.
At the same time though, India's merchandise imports also witnessed a surge in October 2021, as they reached $55.37 billion, 62 per cent more than $34.07 billion in October 2020. It was $37.99 billion in October 2019.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
According to the official data, the trade deficit in October 2021 was $19.9 billion and $98.71 billion during April-October 2021.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The gold imports stood at $5.1 billion in October compared to $2.49 billion a year ago, an increase of 104.25 per cent.
Export of engineering goods, which accounted for 28.19 per cent of total exports in October, increased 50.7 per cent year-on-year to $9.38 billion.
Exports of petroleum products too were up 231.63 per cent on annual basis at $5.19 billion.
Gems and jewellery sector, which is a major component of exports from India, rose 44.24 per cent to $4.22 billion.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
