India's exports during October stood at $23.2 billion, lower by two percent than the $23.6 billion in October, 2011, while imports registered a growth of seven percent at $44.2 billion, compared with $41.2 billion in last October, leaving a trade deficit of $21 billion billion, the Ministry of Commerce & Industry data say.

Cumulative value of exports for the period April-October was $166.9 billion, compared with $177.9 billion in the corresponding period a year-ago, registering a six percent decline, whereas that of imports fell by three percent to $277.1 billion from the $284.7 billion in April-October 2011 period, leaving a trade deficit of $110.2 billion.

Oil imports during October were $14.8 billion, higher by 32 percent than the $11.2 billion for the same month last year, wile non-oil imports stood at $29.4 billion, compared with $29.9 billion, a decline of two percent.

RTTNews