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flag India's trade deficit grew to $27.14 billion in October as imports rose faster than exports.

flag India's merchandise trade deficit widened to $27.14 billion in October, up from $20.8 billion in September. flag Despite a 17.26% increase in exports to $39.2 billion, imports rose 3.88% to $66.34 billion. flag The Commerce Secretary expects exports to surpass $800 billion for the fiscal year ending March 2025, driven by growth in sectors like engineering and electronics. flag However, higher imports of crude oil and gold contributed to the deficit.

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