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India's Sept exports slump 11 pct to $23.7 bln

Source : REUTERS
Last Updated: Thu, Oct 11, 2012 18:43 hrs

Oct 11 (Reuters) - India's annual exports fell 11 percent to $23.7 billion in September, while imports rose 5.09 percent to $41.8 billion, leaving a trade deficit of $18.08 billion, the government said in a statement, citing provisional trade data.

India's overseas sales have fallen from year-ago levels in six of the past seven months, with trade officials blaming weak demand for major exports.

Oil imports for September were $14.09 billion, while total April-September exports were $143.7 billion. (Reporting by Arup Roychoudhury)




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