EXPORTS SEE FASTEST RISE IN A YEAR, UP 6.3% IN OCTOBER

India's goods exports went up 6.3% in October, the fastest pace of expansion in nearly a year, while imports soared to a record $65 billion, rising 12.3%. As a result, the trade deficit hit a new high of $31.4 billion, eclipsing the previous record of $30 billion in July 2022. It was only the second time this year that exports grew with revised numbers for August estimating an increase of 3.8%.

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