The country's export growth slowed down in October this year to 19 per cent while imports rose at a much faster pace of more than 39 per cent on the back of rising crude oil prices, widening the trade deficit so far this fiscal to $30.23 billion.
Exports grew by 19.03 per cent to $9.62 billion in October this year compared to $8.08 billion, according to provisional figures released by the government on Tuesday. The country's exports had increased by 41.2 per cent in September 2006.
However, exports increased by an even slower rate of 11.35 per cent when compared to provisionally revised figures of October last year of $8.64 billion.
Provisionally revised figures are the latest data available with the Directorate General of Commercial Intelligence and Statistics.
The total exports in April-October 2006-07 stood at $69.52 billion, a growth of 34.96 per cent over the provisional exports registered in the same period last year.
Imports grew 39.25 per cent to $15.82 billion during the month as against $11.36 billion in October 2005, according to provisional figures. But, imports growth was marginally slower at 36.78 per cent when compared to the provisionally revised figures of last fiscal.
Cumulative imports so far this fiscal grew 32.95 per cent at $99.75 billion from $75.03 billion in April-October last fiscal, as per the provisional data.
A faster import growth widened the trade deficit during April-October this year to $30.23 billion compared to $23.52 billion in the same period of 2005-06.
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