India’s Oct exports up 21.3%

Monday, 15 November 2010 22:46 - - {{hitsCtrl.values.hits}}

NEW DELHI, (Reuters) - India’s exports in October rose an annual 21.3 percent to $18 billion, while imports for the month grew 6.8 percent on the year to $27.7 billion, Trade Secretary Rahul Khullar said on Monday.

India’s trade deficit in October stood at $9.7 billion compared with $9.12 billion in September.

India’s trade deficit in August had widened to a 23-month high of $13.06 billion and Khullar had said the deficit could touch $135 billion for the year to end-March 2011, higher than his earlier forecast for $120 billion.

Asia’s third-largest economy is targeting close to 15 percent export growth in the current fiscal.