NEW DELHI (Reuters) – India’s merchandise trade deficit in October stood at $31.46 billion, according to a Reuters calculation based on export and import data released by the government on Wednesday.
Economists had expected the country’s October trade deficit to be $20.50 billion, according to a Reuters poll.
Merchandise exports stood at $33.57 billion, while imports were $65.03 billion in October, government data showed.
In the previous month, merchandise exports were $34.47 billion, while imports stood at $53.84 billion.
Services exports in October were $28.70 billion, while imports were $14.32 billion. In September, services exports were$29.37 billion and imports were $14.91 billion.
(Reporting by Shivangi Acharya; Editing by Christina Fincher)
