India’s Exports Dip 5.4% In October To $24.82 Billion: Government Data
India's exports declined 5.4% to $24.82 billion in October due to fall in shipments of sectors like petroleum products, gems and jewellery, and leather, according to government data released on Tuesday.
Exports during April-October 2020-21 stood at $150.07 billion, registering a decline of 19.05% over the same period last year.
"India's merchandise exports in October 2020 were $24.82 billion, as compared to $26.23 billion in October 2019, showing a fall of 5.4%," the Commerce and Industry Ministry said in a statement.
Imports also fell 11.56% to $33.6 billion during October.
"India was thus a net importer in October 2020 with a trade deficit of $8.78 billion, as compared to trade deficit of $11.76 billion, an improvement by 25.34%," it added.