India’s exports declined for a 13th consecutive month in December, data released by the Ministry of Commerce and Industry showed Monday.
Exports decreased 14.75 percent in December from a year ago to $22.29 billion. At the same time, imports dropped 3.88 percent to $33.96 billion.
Consequently, the trade deficit widened unexpectedly to $11.66 billion from $9.8 billion in November. Economists had forecast it to narrow to $9.6 billion.
During April to December, exports plunged 18.06 percent and imports by 15.87 percent, taking the trade shortfall to $99.2 billion.
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