India's Total Exports Reach USD 468.27 Billion with 7.28% Growth in April-October 2024, According to MoC&I.

Economy Business

According to the data released by the Ministry of Commerce and Industry (MoC&I), India's total exports (Merchandise and Services combined) for October 2024 are estimated at USD 73.21 billion, showing a positive growth of 19.08% from October 2023.


      - Total imports (Merchandise and Services combined) for October 2024 are estimated at USD 83.33 billion, attaining a growth of 7.77% from October 2023.

      - Cumulative exports during April-October 2024 are projected to be USD 468.27 billion, showing a growth of 7.28%.

      - Cumulative imports during April-October 2024 are estimated at USD 531.51 billion, increasing by 7.05%.

Main Points:-   (i) Services exports in October 2024 are valued at USD 34.02 billion while imports are at USD 17 billion compared to October 2023.

      (ii) From April to October 2024, services exports are estimated at USD 215.98 billion and imports at USD 114.57 billion.

(iii) The services trade surplus for April to October 2024 is expected to be USD 101.41 billion, higher than USD 89.64 billion in 2023.

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