India's merchandise trade deficit widens to $27.1 billion in October

Quick Summary:

India's exports up 17.3% at $39.2 bn in Oct; imports rise 3.9% to $66.

The rebound came against the backdrop of a slump in 2023 – of 1.1 per cent – driven by high inflation and rising interest rates.

Small savings target unlikely to exceed July BE of Rs 4.“While the disruptive impact of the Red Sea crisis has been contained to date, other routes could be impacted in a wider conflict.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Economy Imports Merchandise exports Finance Exports October

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 15:18:00 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 368 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23583531

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 251 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

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Publisher ID: #49

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