India: Merchandise exports rebound in September
Merchandise exports grew 6.0% year-on-year in September (August: -13.1% year-on-year). In contrast, merchandise Imports plummeted 17.8% on an annual basis in September (August: -25.5% yoy).
As a result, merchandise trade balance improved, recording a USD 2.7 billion shortfall in September (August: USD 6.8 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 92.6 billion deficit in September, compared to USD 100.7 billion deficit in August.