The Commerce Ministry on 11 October 2012 released a data that showcased the dip of 11 percent in exports and rise of 5.1 percent in imports. Exports in India for the fifth consecutive month reported fall in its percentage. With 11 percent fall to $23.7 in export, the trade deficit widened to $18.1 billion in a months’ time.
The imports of the country showcased a positive figure in the month of September saw a rise of 5.1 percent at $41.8 billion to that of $39.8 percent recorded in the month of August, 2012. The cumulative recorded value of the exports in a period of April to September in 2012-13 down by 6.8 percent at $143.7 billion as compared to the $154.1 billion recorded in the same tenure in the previous fiscal year 2011-12.
Exports in India witnessed 11 percent dip in the month of September 2012
By Jagranjosh
Oct 12, 2012, 16:40 IST
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