Trade Data: India's trade deficit continues to increase and the figure for its increase has come to the fore in October. The country's trade deficit widened to $26.91 billion in October. It stood at $ 25.71 billion in September last month. The increase in the country's trade deficit on a month-on-month basis is becoming a matter of concern.
The country's exports declined by 16.65 percent to $ 29.78 billion in October
India's exports of goods declined by 16.65 percent in October compared to the same month last year and stood at $ 29.78 billion. This information has been received from the data released by the Ministry of Commerce on Tuesday. In September, the country's exports stood at $ 35.45 billion, which decreased in September. At the same time, in the same period last year i.e. October 2021, it stood at $ 35.73 billion.
The country's imports also increased in October
In October, the country's imports increased to $ 56.69 billion. This is less than its last month i.e. September. In September, the country's imports stood at $ 61.16 billion. It stood at $ 53.64 billion in the same month a year ago i.e. in October 2021.
Import-export condition in the first 7 months of the current financial year
During the first seven months of the current financial year i.e. April-October, 2022, exports grew by 12.55 percent to $ 263.35 billion, during which imports have seen a rise of 33.12 percent and it has reached $ 436.81 billion.
What is the reason for the increasing trade deficit?
Global inflation figures, the Russia-Ukraine war, the China-Taiwan crisis, and supply constraints are hurting the country's demand. Exporters are facing low demand and they are looking for ways to solve it. Imports are also increasing continuously and its negative effect is coming in the form of increasing trade deficit of the country. However, this is not the case only with India and the impact on economic development is being seen all over the world, due to which India is also not untouched.
Delhi Chunav 2025: BJP increased Arvind Kejriwal's tension, laid siege to New Delhi seat
This time, along with campaigning for the candidates on other seats in the assembly elections (De
Just a few days ago, some unknown people tried to enter the residence of Bollywood veteran actor
PM Modi watched Vikrant Massey's The Sabarmati Report, a film based on the Godhra incident.
PM Narendra Modi has seen Ekta Kapoor's film 'The Sabarmati Report' based on the Godhra incident.
India took some more responsibilities with G-20, trying to strengthen the international campaign
JEE Main Admit Card 2023: Admit card for JEE Main April session released, download from this link
JEE Main Admit Card 2023 Session 2: The admit cards of the candidates who applied for appearing i
Life has been disrupted in many places due to the rain after the monsoon reached the entire count
Union Home Minister Amit Shah once again mentioned Pakistan Occupied Kashmir (PoK) before the Lok
There has been a clash between the soldiers of India and China on the Line of Actual Control (LAC
RG Kar Case: 'Supreme' hearing on RG Kar murder case; Court refuses to ban live telecast
The Supreme Court heard the Kolkata murder case on Tuesday. The court had taken suo motu cognizan
IndiGo flight going from Delhi to Srinagar was caught in bad weather on Wednesday. The passengers
