Exports dip 13.8% in Sep; lowest fall this fiscal

Written by Press Trust of India | Updated: Oct 31 2009, 05:19am hrs
Exports dropped by 13.8% in September, but the decline was the lowest this fiscal, giving hope of a rebound of a year-old negative trend from the third-fourth quarter of the current fiscal. Exports during the month were $13.6 billion compared to $15.8 billion a year ago. Under the impact of the global slump in demand, exports started contracting since October 2008, with May 2009 seeing the sharpest decline of 39.2%. However, since June the declining trend got arrested showing there is a huge revival everywhere with the return of the global confidence, though at a slower pace.