According to fresh business news, it is said that the export rate in the month of August had dipped by 9.74% year-on-year to $22.3 billion and the basic reason in the fall is the global economic slowdown.
As per the figures released, it is said that from April-August, the shipment fell 5.96% to $119.97 billion as compared to $127.5 billion in the same period of 2011.
Further, imports in the same month also fell 5.08% to $37.9 billion, leaving a trade deficit of $15.7 billion. Read more