India’s merchandise exports increase 17% in October

Current Context: The report is titled "India’s Merchandise Exports Surge 17% in October". It was released by the Commerce Department on November 14, 2024.

• The report highlights that India's merchandise exports grew by 17.3% year-on-year in October, reaching $39.2 billion.
• This growth was driven by increased demand for Indian goods in Western countries ahead of the Christmas season.
• However, imports also rose, leading to a trade deficit of $27.1 billion.

Question:

1 According to the "India’s Merchandise Exports Surge 17% in October" report, What was the total value of India’s merchandise exports in October 2024?

• A) $39.2 billion
• B) $37.8 billion
• C) $40.1 billion
• D) $35.6 billion

Answer: A) The report mentions that India’s merchandise exports reached a total of $39.2 billion in October 2024.