India's Oct trade deficit widens to near three-year high of USD 14.02 billion

Merchandise exports for October fell 1.12 per cent from a year ago to USD 23.1 billion.

Update: 2017-11-14 12:43 GMT
The net foreign direct investment at USD 7.2 billion in the reporting quarter almost doubled from its level in the same period last year.

New Delhi: India’s trade deficit widened to $14.02 billion in October, its highest since November 2014, from $8.98 billion in the previous month, government data showed on Tuesday.

Merchandise exports for October fell 1.12 per cent from a year ago to $23.1 billion.

Goods imports last month were $37.12 billion, a gain of 7.6 per cent from a year ago, data from the commerce and industry ministry showed.

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