 "July exports decline 14.8% as global demand slows")
India’s exports declined by 14.8 percent year-on-year to $22.4 billion in July this year due to the global demand slowdown.
In July 2011, the country’s shipment stood at $26.3 billion.
Imports too contracted during the month by 7.61 percent to $37.9 billion, leaving a trade deficit of $15.5 billion, DGFT Anup Pujari told reports here.
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During the April-July period of 2012-13, exports have shrunk by 5.06 percent to $80.4 billion. Imports during the period dipped by 6.47 per cent to $153.2 billion.
Exports have fallen from year-earlier levels in four out of the last five months.
“Last month, exports have fallen more than imports. This is the highest fall this fiscal,” Pujari said.
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