Further decline in Indian exports

India's exports declined at an annual rate of 28% in July, the 10th month in a row of falls, after the weak global economy continued to hit demand. The country exported $13.6bn (£8.2bn) of goods and services during the month, the official figures showed. At the same time, India's imports were down 37% to $19.6bn in July. Last week, the Indian government announced a series of measures to help exporters, including tax breaks and better access to finance. The latest export figures come a day after the Central Statistical Organisation said the country's economy expanded at an annual rate of 6.1% between April and June, up from 5.8% from January to March, lifted by government stimulus spending.
Source: www.bbc.co.uk

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