In a major boost to the Indian economy the country recorded its highest ever monthly exports in October 2026. According to official data released by the Ministry of Commerce and Industry on Friday India total exports which include both goods and services jumped by 29.9 per cent to reach a record $89.99 billion compared to $69.27 billion in October last year.
Goods merchandise exports alone surged by over 45 per cent to hit an all time monthly peak of $49.47 billion up from $34.11 billion a year ago. Speaking to the media Commerce Secretary Rajesh Agrawal confirmed that this is India highest monthly goods export figure ever. Strong demand for Indian petroleum products electronic goods engineering items chemicals and gems and jewellery drove this massive growth. Meanwhile services exports also grew steadily to an estimated $40.51 billion.
On the import side total imports rose by 16.58 per cent to $110.07 billion mainly due to higher crude oil costs and festive gold demand. However because export growth moved much faster than import growth India overall trade deficit narrowed to $20.09 billion. New trade agreements with the UK and New Zealand along with strong shipments to the US Spain and Singapore also helped power this record performance.
