Exports slump 11 pct to $ 23.7 bn in September

New Delhi: India's annual exports fell 11 per cent to $23.7 billion in September, while imports rose 5.09 per cent to $41.8 billion, leaving a trade deficit of $18.08 billion, the government said in a statement, citing provisional trade data.

India's overseas sales have fallen from year-ago levels in six of the past seven months, with trade officials blaming weak demand for major exports. Oil imports for September were $14.09 billion, while total April-September exports were $143.7 billion.