Economists had expected the country's October trade deficit to be $22 billion, according to a Reuters poll, compared to $20.78 billion in the previous month. India's merchandise exports in October rose 17.26% year-on-year to $39.2 billion while imports rose 3.88% to $66.34 billion, government data released on Thursday showed.

In the April-October period, exports increased 3.18 per cent to $252.28 billion and imports by 5.77 per cent to $416.93 billion.

India's merchandise trade deficit in October stood at $27.14 billion, according to a Reuters calculation based on export and import data released by the government on Thursday.

India's merchandise trade deficit widened to $27.14 billion in October, significantly up from $20.8 billion in September due to a faster growth rate in imports, data released today shows. A merchandise trade deficit occurs when a country imports more goods than it exports.

India's merchandise trade deficit in October widened more than expected to $27.14 billion, according to a Reuters calculation based on export and import data released by the government on Thursday. Economists had expected the country's October trade deficit to be $22 billion,

India’s trade deficit widened significantly in October as imports climbed during the Hindu festival season, even though exports posted robust growth.

The trade deficit was widened to USD 27.14 billion. Imports increased by 3.9% to USD 66.34 billion in October compared to USD 63.86 billion in the year-ago period.

India's merchandise exports in October rose by an impressive 17.25 per cent year-on-year, highest in over two years, to USD 39.2 billion, while the trade deficit widened to USD 27.14 billion on a sequential basis.