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Jul 12, 2012, 08.23 AM IST
India's exports fell 4.16% year-on-year to USD 25.68 billion in May, while imports fell 7.36% year-on-year to USD 41.9 billion, government data showed on Monday.
May's trade deficit was USD 16.3 billion, while oil imports rose 14.02% year-on-year to USD 14.99 billion, data showed.
Exports from April to May were at USD 50.14 billion.
Indian exports increased by more than 20% to USD 303.7 billion in the last fiscal year. But a slowdown in major export destinations hit by financial turbulence especially in Europe has slashed demand for Indian goods, officials say.
May 23 2013, 16:33
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May 23 2013, 09:33
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