India’s exports dip 5.4 pc in October to USD 24.82 bn: Govt data

By: |
November 03, 2020 5:25 PM

"India's merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, showing a fall of 5.4 per cent," the Commerce and Industry Ministry said in a statement.

Exports during April-October 2020-21 stood at USD 150.07 billion, registering a decline of 19.05 per cent over the same period last year.

India’s exports declined 5.4 per cent to USD 24.82 billion in October due to fall in shipments of sectors like petroleum products, gems and jewellery, and leather, according to government data released on Tuesday.

Exports during April-October 2020-21 stood at USD 150.07 billion, registering a decline of 19.05 per cent over the same period last year.

“India’s merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, showing a fall of 5.4 per cent,” the Commerce and Industry Ministry said in a statement.

Imports also fell 11.56 per cent to USD 33.6 billion during October. “India was thus a net importer in October 2020 with a trade deficit of USD 8.78 billion, as compared to trade deficit of USD 11.76 billion, an improvement by 25.34 per cent,” it added.

Do you know What is FinMin releases Rs 9,871 cr grant to 17 state, Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Monsoon revival: Sowing picks up in major crop-producing states
2FHRAI urges FM Nirmala Sitharaman to bring back interest relief scheme for hospitality sector
3Globalisation tripled India GDP but workers have been left out: Economist and Nobel laureate Eric Maskin