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India's exports plunges by 9.7% to $22.3 bn in August
SME News, Friday, Sep 14, 2012 11:22:46 AM IST
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NEW DELHI: Indian exports declined last month due to poor international demand. It also affected India's trade deficit became wider.
Exports in August slipped 9.7% to $22.3 billion and imports fell 5.1% to $38.0 billion, said Anup Pujari, director general of foreign trade (DGFT).
The trade gap widened slightly to $15.7 billion as compared to $15.3 billion a year. In July, th figure was at $15.5 billion.
India is hoping to strengthen exports by nearly 20% to $360 billion during the ongoing financial year.
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