India s merchandise trade deficit in October was $31.46 billion, despite a 6.2% increase in exports to $33.57 billion. Imports rose to $65.03 billion, offset by the rise in exports. The spike in global crude oil prices led to an increase in imports. Gold imports also rose by 5.5% to $29.48 billion. Commerce Secretary Sunil Barthwal said trade numbers in October reflect green shoots .
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