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Exports, declining for the 18th straight month in May, dipped by 0.79 percent to $22.17 billion on account of slowdown in global demand.
The imports also decreases by 13.16 percent to $28.44 billion in the month under review as compared to $32.75 billion of last year same period.
The commerce ministry has said in a statement that, “The decline in exports for India has slowed considerably.”
In May, the trade deficit narrowed to $6.27 billion from $10.4 billion in the same month last year.
