India's Trade Deficit Reached $22.6 Billion With Exports Increasing by 23%

India's merchandise exports climbed by 22.6 percent year on year in September to $33.79 billion, thanks to improved performance in key industries such as engineering and petroleum products. Imports increased by over 85% year on year to $56.4 billion. In September, the trade imbalance increased to $22.59 billion, up from The prior month's total was $2.96 billion. India's overall exports (including products and services) are predicted to reach in September 2021, $54.06 billion was spent, up 21.44 percent over the same month the previous year. The country's central bank reported a $6.5 billion current account surplus in the April-June quarter.