In October, India’s exports fell by 11.8 per cent to USD 34.38 billion, according to the data released by the Commerce Ministry. However, the imports rose sharply by 16.63 per cent to USD 76.06 billion.
The trade deficit decreased 25.7% to $26.59 billion in August against $35.64 billion last year.
Total exports declined for the third month in a row in January by 2.38 per cent to $37.32 billion due to volatility in petroleum prices and global uncertainties.
The trade deficit widened to a 10-month high in August as imports increased and damp global demand amid geopolitical challenges led to a drop in exports from a year ago.
