New Delhi: Exports declined by 13.8% in September, for 12 months in a row, but the pace of contraction stands arrested.
The exports in September stood at $13.6 billion, against $15.8 billion in the same month last year.
During the first half of the current fiscal, overseas shipments contracted by 28.5% to $77.9 billion, against $108.9 billion in the same period last year, commerce secretary Rahul Khullar told reporters here.
The pace of decline of the country’s exports have, however, slowed since May when it tanked 39.2% and in the subsequent month it contracted by 31.9%. In July the overseas shipment fell by 28.4% and in August it dipped 19.5%.