India's merchandise exports hit record $49.47 billion in October

India's merchandise exports reached an all-time high of $49.47 billion in October 2026, led by engineering goods (+36%), petroleum products (+140.2%), and electronics (+62.7%). Total exports including services hit $89.99 billion, up ~30% year-on-year. The trade deficit narrowed to $20.09 billion from $25.15 billion, driven by sectoral recovery and higher global commodity prices.