Year-on-Year India’s exports fall 1.66 percent in January

New Delhi: Global slowdown continued to dent India’s exports which fell by 1.66 percent in January on a year-on-year basis, official data showed on Friday.

January’s exports were down to $25.97 billion from $26.41 billion reported for the corresponding period of the previous year.

Similarly, on a sequential basis, exports were lower than $27.36 billion worth of merchandise that was shipped out in December.

“Cumulative value of exports for the period April-January 2019-20 was $265.26 billion as against $270.49 billion during the period April-January 2018-19, registering a negative growth of (-) 1.93 percent in dollar terms,” the Ministry of Commerce and Industry said in a statement. (IANS)

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