India's imports rose to $110.07 billion in October, from 94.42 billion in the same month last year. (Representational image)
\n\nIndia’s international trade performance reached an important milestone in October 2026, with the country recording its highest-ever monthly export earnings of $89.99 billion. The combined value of merchandise and services exports surged 29.9 per cent compared with the corresponding period last year, signalling strong momentum across India's export sector.
\n\nCommerce Secretary Rajesh Agrawal announced the figures during a virtual media briefing on Friday, highlighting the unprecedented growth in merchandise shipments and the expanding contribution of services exports. Government data also revealed that India's trade deficit declined to $20.09 billion in October, compared with $25.15 billion in October 2025.
\n\nThe latest figures point to a considerable improvement in export performance, despite an increase in the country's overall imports.
\n\nA major highlight of October's trade performance was the sharp rise in merchandise exports, which climbed to $49.47 billion from $34.11 billion recorded in the same month last year.
\n\nAnnouncing the achievement, Agrawal said, "In the month of October, the merchandise exports have registered a new peak of $49.47 billion. This is highest-ever monthly merchandise export value, along with highest monthly growth of 45.06…
Original source: https://www.timesnownews.com/business-economy
