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Exports in January fall by 16% from year ago

Exports in January fall by 16% from year ago
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First Published: Mon, Mar 02 2009. 02 10 PM IST
Updated: Mon, Mar 02 2009. 02 10 PM IST
New Delhi: India’s January exports dropped an annual 15.9% to $12.38 billion, government data showed on Monday, a fourth straight loss as the global slowdown shaved off demand for Indian goods.
The trade deficit narrowed to $6.1 billion in January compared with $7.57 billion in December due to a sharp decline in imports.
Imports were down an annual 18.2% at $18.46 billion in January, while oil imports fell 47.5% during the month from a year earlier to $4.46 billion.
Exports during April to January were up 13.2% at $144.27 billion from a year earlier, while the trade deficit during the period stood at $99.1 billion, from $66.8 billion a year ago.
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First Published: Mon, Mar 02 2009. 02 10 PM IST
More Topics: Export | Import | Economic Slowdown | Economy | India |