Exports dip by 29.2 per cent in May

Reuters
Posted: Wednesday, Jul 01, 2009 at 1218 hrs IST
Updated: Wednesday, Jul 01, 2009 at 1218 hrs IST

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New Delhi: India's exports fell an annual 29.2 per cent in May to $11 billion, its eighth straight monthly fall, the government said in a statement on Wednesday, as recessions at developed nations slashed demand for Indian goods.

Imports dropped 39.2 per cent to $16.2 billion in May.

Trade deficit halved to $5.2 billion in May from $11.13 billion a year earlier.

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