Indias merchandise exports fell to $29.78 billion in October, up from $35.73 billion in the same month last year . Decline in exports due to rising inflation, economies in recession, currency volatility, and geopolitical tension .
New Delhi: India's merchandise exports fell to $29.78 billion in October, up from $35.73 billion in the same month last year, according to exporters.According to the government's estimates, the decline in exports was due to rising inflation, economies in recession, currency volatility, and geopolitical tension.In October, total exports, which include non-petroleum, non-gems, and jewelry-gold, silver, and precious metals-imports were $34.40 billion, up 4.03 percent from the same period last year.The decline in exports of key labor-intensive industries is also causing concern, according to A For the six months ended April and October, the trade deficit widened by a larger number of holidays related to the festive season, according to Aditi Nayar, Chief Economist at ICRA.Although the global demand challenges are prevalent, I am expecting a decrease in exports and imports.