India’s overall trade

India’s overall trade


In October 2023, India experienced a significant surge in overall exports, witnessing a notable 9.43% increase compared to the figures from October 2022.


GS-03 (Indian Economy)

Main Details:

  • The estimated value of India’s overall exports in October 2023 stands at USD 62.26 billion.
  • This represents a substantial year-on-year (YOY) growth of 9.43%.
  • Merchandise exports specifically recorded a commendable growth of 6.21% during the same period.
  • The services export sector is projected to witness a growth of 6.22%.
  • During the period of April to October, the overall trade deficit saw a substantial reduction of 35.86%.
  • Several key sectors contributed significantly to this export growth, including Drugs & Pharmaceuticals, Engineering Goods, Electronic Goods, Cotton Yarn/Fabs./made-ups, Handloom Products, Iron Ore, Ceramic products & glassware, and Meat, dairy & poultry products.