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India’s exports decrease for 11th straight month in October

by ChemOrbis Editorial Team -
  • 17/11/2015 (11:38)
India’s exports posted their eleventh straight decline in October, falling by 17.5% on the year following a decrease of 24.3% in September, according to media reports. India’s Ministry of Commerce and Industry reported that the country’s exports fell to $21.35 billion in value in October compared with the same month of 2014. The decrease stemmed from weakening global demand.

India’s imports also plunged 21.2% year over year to $31.12 billion in October. Accordingly, India’s trade deficit declined to $9.77 billion in October compared with $13.58 billion in the same month of last year.
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