Reeling under the impact of global slowdown, India's exports declined by 12.1 per cent in October this fiscal causing concerns of job losses in export-oriented manufacturing units.
Exports dropped to $12.82 billion in October from $14.58 billion a year ago.
However, imports grew by 10.6 per cent to $23.36 billion in October compared to $21.12 billion in the same month last year.
Concerns have been raised over large scale job losses in several export-oriented industries like textile, handicraft and gems and jewellery.