India's exports surged in October, with merchandise exports growing 17.3%, the fastest in 28 months.

India's exports saw a significant boost in October, with core group exports up 27.7% and overall merchandise exports growing 17.3%—the fastest growth in 28 months. Engineering goods, electronic items, chemicals, textiles, and rice were key drivers. Despite a decline in petroleum and gems and jewellery exports, 21 of the top 30 sectors showed value growth. Services exports also increased by 14.6%, leading to a $16.1 billion trade surplus in September, the highest since January 2022.

November 18, 2024
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