Exports see fastest rise in a year, up 6.3% in October; imports at a new high

India's goods exports increased by 6.3% in October, the highest rate of growth in almost a year. However, imports also surged to a record $65 billion, resulting in a trade deficit of $31.4 billion. Despite falling commodity prices, the commerce secretary remains optimistic about crossing last year's export numbers. The higher trade deficit raises concerns for policymakers and puts pressure on the rupee. Gold imports almost doubled to $7.2 billion in October. Silver shipments saw significant growth.

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