Exports, imports dip in August 2015; trade deficit up

September 22, 2015 20:24 IST
Exports imports,trade deficit,global slowdown,exports down,Ministry of Commerce and Industry,Indian economy
The global slowdown has hit India’s exports hard as the volume of business dived over 20% to $26.8 billion in August 2015 on year-on-year basis. It also impacted imports by India as the value declined by nearly 10% to $33.74 billion in August 2015 against the corresponding period a year ago. The trade deficit for the period thus rose to $12.48 billion from $10.67 billion, according to Ministry of Commerce and Industry statistics. Credit: KBK