Initial estimates say exports declined by 13.7% & imports by 18.2%.
India’s exports tapered by 13.7 per cent in February for the fifth consecutive month this fiscal, while imports too dipped by 18.2 per cent, continuing the trend that began in January when both exports and imports entered the negative territory, according to initial estimates available with the commerce ministry.
Exports and imports in February are estimated at $13.04 billion and $17.02 billion, respectively. Exports had expanded 43.6 per cent in February 2008, while imports grew 47 per cent. The last time when exports declined on a continuous basis was between July 2001 and December 2001.
|
Month |
Export Growth % |
Import Growth |
|
April |
45.72 |
39.7 |
|
May |
27.61 |
38.7 |
|
June |
38.44 |
32.33 |
|
July |
35.73 |
57.17 |
|
August |
27.76 |
46.58 |
|
September |
11.02 |
55.37 |
|
October |
-12.10 |
10.57 |
|
November |
-9.89 |
6.1 |
|
December |
-1.05 |
8.84 |
|
January |
-15.90 |
-18.2 |
|
February |
-13.7 |
-18.2 |
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