NEW DELHI, Jan 18: India’s exports plunged by 14.75 per cent to 22.27 billion dollar in December, from a year-ago period, foreign trade data showed today.
The export decline in rupee terms, however, was relatively moderate at 9.53 per cent during the month. On a cumulative basis, the decline in India’s exports during April-December was even sharper at 18.06 and 12.767 per cent in dollar and rupee terms, respectively.
The export during the first nine months of the fiscal was valued at 196.603 dollar billion, or Rs 14.5 lakh crore. Petroleum exports during April-December 2015 dived by 41.60 per cent to 68.06 billion dollar. The trend of falling exports is in tandem with other major world economies.
The growth in October exports has fallen for the US, EU and China by 10.30, 10.83 and 6.94 per cent respectively, as per WTO statistics, said an official release. (UNI)
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