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Exports dip by 29.2 per cent in May

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    • Reuters Tags : economy, may, exports Posted: Wednesday, Jul 01, 2009 at 1218 hrs New Delhi:
    Exports
    Trade deficit halved to $5.2 billion in May from $11.13 billion a year earlier.

    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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