(RTTNews) - For the first time in nearly three years, India’s year-over-year exports dropped 12.1% in October to USD 12.82 billion from USD 14.58 billion a year ago.

However, imports grew 10.6% to $23.36 billion in October compared to $21.12 billion in the same period last year. Oil imports, meanwhile, grew 22% to $7.96 billion in the period under consideration.

The trade deficit narrowed marginally to $10.54 billion in October compared to $10.63 billion in September.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved

Posted in Categories: Economy, Releases, Stocks, USA.

Subscribe by RSS Subscribe by Email