India's trade deficit rises to 13.35 bn USD in October

India's exports contracted by 5.04 percent to 26 billion U.S. dollars in October while imports grew by 3.62 percent, leaving a trade deficit of 13.35 billion dollars, government data showed on Monday.

"The trade deficit for April-October 2014-15 was estimated at 83.756 billion dollars, which was lower than the deficit of 87.319 billion dollars during April-October 2013-14," the commerce and industry ministry said in a statement.

Gold imports in October jumped to 4.17 billion dollars from 1. 09 billion dollars a year ago, a hefty increase of 280.39 percent.

India registered a trade deficit of 10.59 billion dollars in October last year.