India's exports drop by 1.63 percent in October

Nov 12, 2012 |

IANS

New Delhi

Tags:

exports_17.jpg.crop_display_0.jpg.crop_display.jpg

India's exports dropped by 1.63 per cent to $23.24 billion in October, registering a decline for the seventh time in the past eight months due to weak demands in the US and European markets, government data showed on Monday.

Exports had slumped by 10.78 per cent to $23.69 billion in September.

The cumulative value of exports for April-October 2012-13 period stood at $166.92 billion, down 6.18 percent from $177.91 billion registered during the corresponding period of last year.

Imports jumped by 7.37 percent to $44.21 billion in October, leaving the monthly trade deficit of $20.97 billion, according to data released by the ministry of commerce and industry.

The total value of imports during the April-October period of the current financial year was $277.13 billion, 2.66 percent lower than $284.72 billion registered during the corresponding period of the previous year.

Trade deficit has widened as the decline in exports was sharper than the decline in imports.

Cumulative trade deficit for the first seven months of the current financial year widened to $110.21 billion, as compared to $106.80 billion registered during April-October period of last year.

Post new comment

<form action="/comment/reply/202335" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-f5fbe1d5a4b3b9214d605351ddf619a9" value="form-f5fbe1d5a4b3b9214d605351ddf619a9" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="84047135" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>