Imports soared by 62.51 per cent to $55.37 billion, widening the trade deficit. Eexports rose by 43 per cent to $35.65 billion in October while trade deficit widened to $19.73 billion during the month, according to the official data released on Monday. Imports soared by 62.51 per cent to $55.37 billion, widening the trade deficit.
Cumulatively, exports during April-October stood at $233.54 billion, which is an increase of 55.13 per cent compared to the same period last year.
Sectors that recorded positive growth in October are petroleum, coffee, engineering goods, cotton yarn, made-ups, and gems and jewellery, among others.
With PTI inputs
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