India’s exports jump 13.47 percent in October

India’s exports jumped by 13.47 percent to $27.27 billion in October, while imports dropped by 14.5 percent, government data showed Monday.

According to data released by the commerce and industry ministry here, the value of merchandise exports in October was $27.27 billion, as compared to $24.03 billion recorded in the same month last year, registering an year-on-year growth of 13.47 percent.

Imports fell by 14.50 percent to $37.82 billion during the month under review as compared to $44.24 billion recorded in the corresponding month of last year.

This has left trade deficit of $10.55 billion in October. Trade deficit had narrowed to $6.76 billion in September.