Trade Deficit Narrows To $11 Billion In October
The country's exports dipped by 1.11 per cent to $26.38 billion in October on account of contraction in sectors like petroleum and leather. In September also, exports had contracted by 6.57 per cent to $26 billion. Imports too declined by 16.31 per cent to $37.39 billion, narrowing trade deficit to $11 billion in October, according to official data released on Friday.
Trade deficit in October last year stood at $18 billion. Oil imports, in October 2019, fell 31.74 per cent to USD 9.63 billion as compared to the same month last year.
Exports during April - October this fiscal dipped by 2.21 per cent to $185.95 billion. Imports were down by 8.37 per cent to $280.67 billion, leaving a trade deficit of $94.72 billion.
Get Breaking news, live coverage, and Latest News from India and around the world on.com. Catch all the Live TV action on 24x7 and India. Like us on Facebook or follow us on and for latest news and live news updates.