India Hits Record Exports. Deficit Hits Record Too.
The Take
Commerce Minister Piyush Goyal announces record merchandise exports for October. He rounds $89.99 billion up to a neat $90 billion in his speech. ThePamphlet.in counts only $50 billion for the same month. Petroleum products pushed exports up. Surging oil prices pushed the import bill up faster. The deficit stands right there, holding a receipt.
The Wire
India's merchandise exports hit a record in October, with Commerce Minister Piyush Goyal citing nearly $90 billion per Elets eGov, while ThePamphlet.in reported around $50 billion. ThePrint noted petroleum products drove exports but oil prices inflated the import bill. Trade deficit estimates range from $20.09 billion to $40 billion across India Business Trade and ThePamphlet.in.
The receipts
Source: thepamphlet.in