India's Exports Rebound After 8 Months of Decline But Global Headwinds Remain
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Exports rose for the first time in 8 months in October, up around 3% driven by pharma and engineering exports.
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Imports have also shown signs of improvement after falling for 9 straight months.
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Fall in exports attributed to weak demand, lower commodity prices after Ukraine war spike, and base effect coming into play.
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Services exports have held up well, helping narrow trade deficit.
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Exporters say overseas buyers deferred deliveries recently rather than cancelling orders.