At 17%, exports see fastest growth in 28 months, record imports in Oct

India’s goods exports surged by 17% to $39.2 billion in October, marking the fastest growth in 28 months, driven by Christmas demand and focused sector initiatives. However, a record $66.3 billion import bill, up 3.8%, resulted in a $27.1 billion trade deficit. Despite recent global challenges, the government aims for record exports exceeding $800 billion in 2024-25.