Indian exports decline again in March
19/04/2016
The trade deficit narrowed to a five-year low of $5.07 billion as exports dropped 5.5% over the course of the month to $22.72 billion. For the year to March, exports were down nearly 16% to $261.13 billion. Imports meanwhile fell sharply by 21.6% to $27.79 billion in March, equating to a 15.3% decrease for the year to $379.6 billion.
Textiles, cotton yarn and leather were amongst the sectors to register negative export growth. Sectors that registered positive growth included tea, plastic, gems and jewellery.
The levels of exports and imports are the lowest in India since 2010-11 when they were at $245.86 billion and $350.69 billion, respectively.
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