India’s exports jump 29.9% to $89.99 billion in October; overall trade deficit narrows

India’s export growth shot up by almost 30 percent year-on-year, reaching close to $90 billion in October 2026. Merchandise exports accounted for a significant $49.47 billion, marking a record high for monthly goods. Though imports also climbed, resulting in a trade deficit of $39.88 billion, the services sector helped mitigate this, supported by recent trade agreements with the UK, New Zealand, and forthcoming EU discussions.