India's Oct exports fall 12.1 per cent

New Delhi 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.

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 per cent at $23.36 billion in October, while oil imports rose 22 per cent during the month from a year earlier to $7.96 billion.

Exports during April to October were up 23.7 per cent 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.