Exports contract 10.3% in July y-o-y

August 14, 2015 20:10 IST

India's merchandise exports contracted for the eighth straight month in July, government data showed on Friday, marking a 10.3 percent drop year-on-year because of continuing weak global demand.

The trade deficit widened to $12.8 billion last month from $10.8 billion in June, the data released by the Ministry of Commerce and Industry showed.

Imports fell 10.3 per cent from a year earlier to $35.95 billion in July, while exports stood at $23.1 billion, the data showed.

Manoj Kumar in Mumbai

Source: REUTERS
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