NEW DELHI: India's exports slipped by 14.8% year-on-year to $22.4 billion during July this year due to the weak demand.
During July last year, India's shipment was at $26.3 billion.
The imports also contracted by 7.61% in July to $37.9 billion, which left a trade deficit of $15.5 billion, said Directorate General of Foreign Trade (DGFT) Anup Pujari.
In the April-July period of 2012-13, exports also contracted by 5.06% to $80.4 billion.
Imports in the same period slipped by 6.47% to $153.2 billion.
Pujari said, “Last month, exports have fallen more than imports. This is the highest fall this fiscal.”