JOC Staff | Dec 06, 2012 9:56AM EST
From June to October, India’s trade deficit has widened, the Directorate General of Commercial Intelligence and Statistics, part of the Ministry of Commerce, reported.
Exports in October totaled $23.2 billion, and imports were $44.2 billion, leaving a deficit of $21 billion, a 16 percent increase compared to September.
The current account deficit from 2011 to 2012 is $78.2 billion, or 4.2 percent of gross domestic product, compared with the previous year’s $45.9 billion, or 2.7 percent of GDP.