Exports Shrink for 15th Straight Month in February

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New Delhi: India’s merchandise exports in February shrank for the 15th straight month on continued weak demand from Europe, the South Asian nation’s biggest market.

February exports fell 5.66 per cent, while imports dipped 5.03 per cent from a year earlier, data released by the Ministry of Commerce and Industry showed on Tuesday.

The trade deficit for February narrowed to $6.54 billion, mainly due to soft demand for crude oil and falling commodity prices, compared with $7.64 billion a month ago.