Wednesday, August 1, 2012

Exports dip 5.45% in June to $25 bn; imports down 13.46%

India's exports contracted for the second consecutive month in June by 5.45 per cent, year-on- year, to USD 25 billion on account of growing economic uncertainties in the Western markets.

Imports dipped more sharply, by 13.46 per cent to USD 35.37 billion during the month, compared to USD 40.8 billion in June 2011, resulting in a narrower trade deficit of USD 10.3 billion.

According to the data released by the commerce ministry on Wednesday, exports during the April-June quarter of 2012-13 fiscal dipped by 1.7 per cent to USD 75.2 billion, from USD 76.5 billion in the same period last fiscal.

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