<p><br />The pace of falling exports has slowed down also because of lower exports in the same month last year. <br /><br />According to official foreign trade data released on Tuesday, exports in October were valued at US$13.19 billion, down from US$14.13 billion during the same month last fiscal. Imports also continued to fall at US$21.9 billion in October, down by 15 per cent from US$25.8 billion in the comparable period.<br />As a result, the trade gap narrowed further to US$8.8 billion in the month from US$11.7 billion in October 2008.</p>.<p><br />Exports fell a steep 39 per cent in May. The pace has narrowed since, with October exports down 6.6 per cent.<br /><br />Analysts attribute the uptick to revival of some demand in the overseas markets and hoped that the forthcoming Christmas festivities would further push Indian exports.<br />In April-October, exports plunged 26 per cent to US$91 billion against US$123 billion in October 2008. In 2008-09, India clocked exports of US$185.1 billion. Oil imports in October 2009 were valued at US$6.6 billion, down 9.3 per cent.<br />Press Trust of India</p>
<p><br />The pace of falling exports has slowed down also because of lower exports in the same month last year. <br /><br />According to official foreign trade data released on Tuesday, exports in October were valued at US$13.19 billion, down from US$14.13 billion during the same month last fiscal. Imports also continued to fall at US$21.9 billion in October, down by 15 per cent from US$25.8 billion in the comparable period.<br />As a result, the trade gap narrowed further to US$8.8 billion in the month from US$11.7 billion in October 2008.</p>.<p><br />Exports fell a steep 39 per cent in May. The pace has narrowed since, with October exports down 6.6 per cent.<br /><br />Analysts attribute the uptick to revival of some demand in the overseas markets and hoped that the forthcoming Christmas festivities would further push Indian exports.<br />In April-October, exports plunged 26 per cent to US$91 billion against US$123 billion in October 2008. In 2008-09, India clocked exports of US$185.1 billion. Oil imports in October 2009 were valued at US$6.6 billion, down 9.3 per cent.<br />Press Trust of India</p>