India’s merchandise exports declined for the sixth consecutive month to a nine-month low of $32.25 bn in July, marking a decline of 15.9 per cent year-on-year amid weak external demand, especially slowing consumption demand in some developed economies, according to data released by the Ministry of Commerce and Industry. Commerce Secretary Sunil Barthwal said the decline in exports have come amid global headwinds and some other countries reporting a sharper decline in export. “Globally, the headwinds that we had thought would improve have continued to exist. Most countries are reporting negative import and export growth. We too are a part of that global value chain and if I look at it from that perspective, the fall in our exports is not as high as it is elsewhere, he said. (ICE NEW DELHI)

Fonte notizia: The Indian Express