India's Oct exports fall 1.6 pct, imports jump 7.37 pct
NEW DELHI (Reuters) - 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. (Reporting by Matthias Williams and Arup Roychoudhury; Editing by John Chalmers)
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Prime Minister Narendra Modi came to office with a reputation as a business-friendly leader ready to open up one of the world's biggest markets and sweep away the remnants of the country's socialist past. Full Article