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Oct exports drop 17.5 pct year-on-year - govt
November 16, 2015 / 12:45 PM / 2 years ago

Oct exports drop 17.5 pct year-on-year - govt

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai, India, July 15, 2015. REUTERS/Shailesh Andrade/Files

NEW DELHI (Reuters) - India’s merchandise exports shrank 17.53 percent in October from a year ago to $21.35 billion, government data showed on Monday, on weak global demand.

The trade deficit marginally narrowed to $9.77 billion last month from $10.48 billion in September, the data released by the Ministry of Commerce and Industry showed.

Imports fell 21.15 percent from a year earlier to $31.12 billion, the data showed.

Reporting by Aditya Kalra; Editing by Malini Menon

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