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India's Oct exports fall 1.6 pct, imports jump 7.37 pct

Source : REUTERS
Last Updated: Mon, Nov 12, 2012 06:35 hrs
Mobile cranes prepare to stack containers at Thar Dry Port in Sanand

India's exports fell 1.6 percent to $23.2 billion in October, while imports jumped 7.37 percent 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 percent 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 percent to $14.79 billion, the statement said.


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