India's Oct exports fall 12 pct from year earlier

India's exports fell an annual 12.1 per cent in October to $12.82 billion, the first year on year fall in nearly three years, as slowing output at home and tumbling economies in key overseas markets slashed demand.

India's exports fell an annual 12.1 per cent in October to $12.82 billion, the first year on year fall in nearly three years, as slowing output at home and tumbling economies in key overseas markets slashed demand.

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The trade deficit narrowed slightly to $10.54 billion in October compared with $10.63 billion in September, data showed on Monday.

Imports were up an annual 10.6 percent at $23.36 billion in October, while oil imports rose 22 percent during the month from a year earlier to $7.96 billion.

Exports during April to October were up 23.7 percent at $107.8 billion from a year earlier, while the trade deficit during the period stood at $73 billion, from $45.64 billion a year ago.