India's exports jump 11 percent to USD 27.68 bn
India's exports rose by 11.15 percent to USD 27.68 billion in September while imports dipped by 18 percent, helping to narrow trade deficit to a two-and-a-half-year low, government data showed Wednesday.
According to data released by the commerce ministry here, imports slumped by 18.10 percent to USD 34.44 billion in September, leaving a monthly trade deficit of USD 6.76 billion. This is the lowest trade deficit since March 2011.
Trade deficit was recorded at USD 10.9 billion in August and USD 12.27 billion in the previous month.
(Posted on 09-10-2013)