India Sees Exports Jump 29 Percent in October As Trade Gap Shrinks

UPDATE - follow-up to India's exports up 29.9% in October; trade deficit narrows to $20.09 billion: India's total exports reached $89.99 billion in October, marking a significant growth of 29.9 percent compared to the same month last year.

Trade Figures

Total exports, which include both merchandise and services, stood at $69.27 billion in October of the previous year. Meanwhile, total imports for the country climbed to $110.07 billion in October, showing an increase from $94.42 billion recorded in the corresponding month last year.

Deficit Details

Even with higher imports, the country's trade deficit narrowed down to $20.09 billion for the month of October. In comparison, the trade deficit stood notably higher at $25.15 billion during October 2025, according to the official government data released on Friday, November 13, 2026.

Context

Trade data tracks the difference between what a country sells abroad and what it buys from other nations, which directly impacts foreign exchange reserves and currency strength. Changes in monthly trade deficits help economists and policymakers gauge overall industrial demand and global market trends.