Exports fall 5%, but trade deficit narrows to $8.8bn in October

India’s exports fell in October, while the imports declined at a faster clip, despite a moderation from the previous month, helping narrow the trade deficit as the value of crude shipments fell.Latest data released by the commerce department showed exports declined 5.4% to $24.8 billion in October on account of dip in shipments of petroleum products, gems & jewellery, leather, and engineering goods.