As a result, the trade deficit for October 2011 stood at US$19.64bn versus US$14.53bn in the corresponding month a year earlier.
India's merchandise exports in October rose by 10.8% to US$19.87bn while imports during the same month climbed by 22% to US$39.51bn, data released by the Government showed on Thursday.
As a result, the trade deficit for October 2011 stood at US$19.64bn versus US$14.53bn in the corresponding month a year earlier.
In Rupee terms, Indian exports were up 22.9% during October 2011 when compared to the same period last year. Imports climbed 35% in Rupee terms during October 2011 over the same period last year.
Oil imports during October 2011 rose by 20.7% to US$10bn while non-oil imports were up 22% at US$29.43bn.
Merchandise exports during April-October 2011-12 were up 46% at US$179.78bn while imports for the same period grew by 31% to US$273.47bn, the Government data showed.
The trade gap for the first seven months of the current fiscal year swelled to US$93.69bn from US$85.65bn in the same period of the previous financial year.
Exports during April to October FY12 were up 45% in Rupee terms. Imports during the first seven months of the current fiscal year were up ~31% in Rupee terms.
Oil imports during April-October 2011-12 were up ~41% at US$81.92bn while non-oil imports in the first seven months of FY12 climbed 27% to US$191.54bn.
Source : indiainfoline.com