India's exports grew 11.15 percent in September and imports declined 18.1 percent, taking the trade deficit to the lowest level in 30 months. Exports last month climbed to 27.68 billion US Dollars , while imports stood at 34.4 billion US Dollars. This has reduced the trade gap to 6.76 billion dollars.

Imports of gold and silver plunged more than 80 per cent to 0.8 billion dollars in September from USD 4.6 billion a year earlier. Oil imports declined by about 6 per cent to USD 13.19 billion. During April-September, gold and silver imports rose 8.7 per cent to 23.1 billion Dollars.