India’s exports slump by 5.45 percent in June
July 13th, 2012 - 3:24 pm ICT by IANSNew Delhi, July 13 (IANS) India’s exports fell sharply for the second consecutive month in June due to weak demands in North America and European countries, a senior government official said Friday.
Exports dropped by 5.45 percent to $25.07 billion in June, while imports fell by 13.46 percent to $35.37 billion, leaving a trade deficit of $10.3 billion, Director General of Foreign Trade Anup Pujari told reporters here.
Both exports as well as imports had declined in May also. Exports fell by 4.16 percent to $25.68 billion, and imports declined by 7.36 percent to $41.94 billion in May, leaving a monthly trade deficit of $16.26 billion.
Pujari blamed weak demands in the US and European countries for the recent slowdown in India’s exports.
The first three months’ data indicate exports are likely to remain sluggish in the coming months and the whole-year target might fall substantially short.
The government has set a target of 20 percent growth in exports in the fiscal 2012-13.
Exports had increased by 20.94 percent to $303.71 billion in the financial year ended March 31, 2012, surpassing the government’s target of $300 billion.
- Exports dip by 5.45 percent; trade deficit narrows (Lead) - Jul 13, 2012
- India's exports drop by 5.45 percent in June - Aug 01, 2012
- India's exports fall in May - Jul 02, 2012
- India's exports rise by 3.23 percent in April - Jun 01, 2012
- India's exports slump 14.8 percent in July - Sep 03, 2012
- India's exports drop by 5.71 percent in March - May 01, 2012
- India's exports rise by 3.2 percent in April year-on-year - May 10, 2012
- Government announces sops; eyes 20 percent exports growth - Jun 05, 2012
- India's exports decline by 4.16 percent in May - Jun 14, 2012
- India's July exports dip 14 percent - Aug 14, 2012
- India's exports growth falls to 3.87 percent in November - Jan 02, 2012
- India to achieve $500 billion exports target - Jun 08, 2012
- Spanish trade deficit drops - Aug 17, 2012
- Japan books trade surplus - Mar 22, 2012
- India's exports rose 6.71 percent to $25 bn in December - Feb 01, 2012
Tags: director general of foreign trade, european countries, first three months, government official, India, New Delhi, north america, second consecutive month, slowdown, slump, target, trade deficit