Foreign Trade: Indian's Export up and Import down in Oct 2010

India's export registered a growth of 21.3 per cent at $18 billion during October 2010, while the import growth dipped to 6.8 per cent at $27.7 billion.

The figures registered for import of goods to India are lowest in last seven years.

This shows the trade deficit in a positive manner and the fall in the import items would be certainly surprising for Indian economy.

Still the wider gap of the trade deficit has to be covered in order to maintain the balance foreign trade.

The Indian economy has been consistent since after the government took measures to check the impact of global slowdown on Indian economy and its export, import and other sectors.