India’s exports rose 9.6% in October from a year earlier to $ 23.5 billion. This is the second consecutive month of rise, signaling that the international demand for Indian products may be starting to recover. The pace of acceleration was stronger than in September, when the increase was 4.6%.
Imports from the country also increased from 8.1 percent to $ 33.67 billion in October, widening the trade deficit to $ 10.16 billion from $ 9.69 billion in the same month of 2015.
India’s exports have dropped substantially in the last two years, affected by the slowdown in economic growth in relevant markets, including the US and European markets.
Another indicator reported in India was consumer inflation, which fell in October and reached the lowest level in more than a year, with the continuous slowdown in food prices.]
The benchmark consumer price index rose 4.2% year-on-year, down from 4.39% in September, according to government data released on Tuesday. This is the lowest level since August of last year, although it has been slightly above the average projection of economists of increase of 4.1%.
Food prices, which account for about half of the consumer price index, are being traded at lower prices thanks to improved rainfall this year after two consecutive years of lack of rainfall.
More data released by the government showed that wholesale prices rose 3.39% in October, compared to the same period of the previous year, being the seventh consecutive month of increase.
Source: Isto É Dinheiro