Trade deficit widens to $10.16 billion in Oct - trade ministry

Image
Reuters NEW DELHI
Last Updated : Nov 15 2016 | 6:44 PM IST

NEW DELHI (Reuters) - India's trade deficit in October widened to $10.16 billion compared with $8.34 billion in the previous month as gold imports more than doubled to $3.5 billion from a year ago, government data showed on Tuesday.

Merchandise exports grew 9.6 percent year-on-year to $23.5 billion in October, while imports expanded 8.11 percent year-on-year to $33.67 billion, the data showed.

(Reporting by Manoj Kumar and Rajesh Kumar Singh; Editing by Malini Menon)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 15 2016 | 6:26 PM IST

Next Story