Indian exports decline in January

India’s exports declined by 15.9 per cent in January over the year-ago period, posting contraction for the fourth month running under the impact of a slowdown in major global markets.

Exports dropped to USD 12.38 billion in January this fiscal, from USD 14.71 billion a year ago, while imports dipped, for the first time this fiscal, by 18.2 per cent to USD 18.45 billion, leaving a monthly trade deficit of about USD 6.07 billion, according to official figures released.

PTI