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Exports fall 1.6%, imports jump 7.37% in October

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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.

Copyright @ Thomson Reuters 2012



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