NEW DELHI 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)
Trending On Reuters
The Lok Sabha on Thursday backed a new bankruptcy code, a crucial step towards establishing a debt resolution regime to strengthen the hands of banks seeking to recover $120 billion in troubled loans. Full Article