September exports plunge 24.3% y-o-y
The trade deficit narrowed to $10.48 bn last month from $12.5 bn in August
 "A crow flies past a container ship docked at a port in Vallarpadam in Kochi")
A crow flies past a container ship docked at a port in Vallarpadam in Kochi
India's merchandise exports shrank nearly a quarter in September from a year ago, government data showed on Thursday, on weak global demand.
The trade deficit narrowed to $10.48 billion last month from $12.5 billion in August mainly on lower gold and oil imports, the data released by the Ministry of Commerce and Industry showed.
Imports fell 25.42 percent from a year earlier to $32.32 billion, while exports stood at $21.84 billion, the data showed.
More details awaited...
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First Published: Oct 15 2015 | 6:24 PM IST