Exports fall 1.6%, imports jump 7.37% in October
Reuters | Updated On: November 12, 2012 11:35 (IST)
India's exports fell 1.6 per cent to $23.2 billion in October, while imports jumped 7.37 per cent to $44.2 billion, leaving a trade deficit of $20.9 billion, according to a Commerce and Industry Ministry statement released on Monday.
Exports between April and October fell 6.2 per cent to $166.9 billion, dragged down by slack demand from India's major export destinations in the United States and Europe.
Oil imports for October rose by 31.6 per cent to $14.79 billion, the statement said.
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