Imports stood at USD 37.8 billion, leaving a trade deficit of USD 10.56 billion as against USD 20.2 billion in October 2012, official data showed.
"This is a consistent growth in exports...The US is doing extremely well and Europe is also doing well," Commerce Secretary S R Rao told reporters here.
Gold and silver imports in October dipped to USD 1.3 billion from USD 6.8 billion in the same period last year.
In April-October, exports grew by 6.32 percent to USD 179.38 billion, while imports during the period contracted by 3.8 percent to USD 270.06 billion.
Rao expressed confidence that the country would achieve the USD 325 billion target for the current fiscal.


Latest News  from Business News Desk