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Exports slip 10 pc in November

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  • Exports continued their downward slide for the second month in a row slipping about 10 per cent in November over the same month last year. According to official sources, the first cut of the provisional trade data compiled for November shows there has been a fall of 10.75 per cent in exports compared to a growth of almost 27 per cent in November last year. Breaking their five-year streak, exports had first fallen a little more than 12 per cent in October this year. The sectors getting worst hit in November were the same as in the previous month, that is, handicrafts, textiles, leather, etc. The sustained decline in exports has put a big question mark over whether the country would be able to meet its $200-billion export target for the current financial. Commerce secretary GK Pillai had said on an earlier occasion that if the trend continues for some more time, it is possible that overall export growth may slow down to 10 per cent. Nath, however, said today he is confident a good overall export growth of 16-20 per cent can still be maintained considering the robust growth seen in exports in the first half of the fiscal.

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