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NEW DELHI (Oct 15):
India’s exports stood at USD 36.38 billion in September, marking a 6.74% increase compared to the same month last year. However, imports rose at a much faster pace of 16.6%, reaching USD 68.53 billion, up from USD 58.74 billion in September 2023. This surge was largely driven by higher inbound shipments of gold, fertilisers, and silver.
As a result, the trade deficit widened to USD 31.15 billion, the highest level in over 13 months.
For the April–September period, cumulative exports grew 3.02% to USD 220.12 billion, while imports increased 4.53% to USD 375.11 billion. This left the country with a trade deficit of USD 154.99 billion for the first half of the fiscal year.
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