Exports fell 20.2 percent in May, their sixth monthly fall

Image
Reuters NEW DELHI
Last Updated : Jun 16 2015 | 10:57 AM IST

NEW DELHI (Reuters) - India's merchandise exports contracted 20.2 percent year-on-year in May, for the sixth straight month, dragged down by a slump in global demand, government data showed on Tuesday.

Trade deficit narrowed to $10.41 billion last month from $10.99 in April, data released by the Ministry of Commerce and Industry showed.

Imports fell 16.52 percent from a year earlier to $32.75 billion in May. Exports stood at $22.35 billion, the data showed.

(Reporting by Rajesh Kumar Singh; Editing by Malini Menon)

More From This Section

First Published: Jun 16 2015 | 10:50 AM IST

Next Story