Exports, imports dip in August 2015; trade deficit up
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The global slowdown has hit Indiaâ€™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.