India’s Exports and Imports Rise

• India’s goods exports surged by 17.25% in October, reaching $39.2 billion, marking the second best-tally in 2024-25.

• However, the country’s merchandise import bill rose by 3.9% to a record high of $66.34 billion, the second highest so far this financial year and the third highest ever.

• The increase in imports is attributed to higher gold and oil imports.

• Petroleum imports rose 13.3% year-on-year to $18.3 billion, a 46.4% increase from the previous month’s $12.5 billion.