New Delhi: India's merchandise exports contracted 13.96 per cent in April, for the fifth straight month, dragged down by a slump in global demand, government data showed on Friday.
Trade deficit narrowed to $10.99 billion in April helped by a 42 per cent year-on-year fall in oil imports, data released by the Ministry of Commerce and Industry showed.
Imports fell 7.48 per cent from a year earlier to $33.05 billion last month, while exports stood at $22.05 billion, the data showed.
Trade deficit narrowed to $10.99 billion in April helped by a 42 per cent year-on-year fall in oil imports, data released by the Ministry of Commerce and Industry showed.
Imports fell 7.48 per cent from a year earlier to $33.05 billion last month, while exports stood at $22.05 billion, the data showed.
© Thomson Reuters 2015
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