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Exports decline 4.2% in May
India's exports contracted (-) 4.16% year-on-year in May to $25.7 billion hit by a demand slump in Europe, India's biggest export market. The latest figures came a day after data on factory output, which crawled at 0.1%.
Updated on: Jun 14, 2012, 23:05:03 IST
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India's exports contracted (-) 4.16% year-on-year in May to $25.7 billion hit by a demand slump in Europe, India's biggest export market.
The latest figures came a day after data on factory output, which crawled at 0.1%.
"We have also seen the IIP numbers. So you can correlate the reasons why exports have not done too well," said SR Rao, commerce secretary.
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