India Trade Minister: October Exports Down 6.6% On Year
NEW DELHI -(Dow Jones)- India's merchandise exports fell at a slower pace in
October than previous months as global demand is picking up, the federal
commerce and industry minister said Friday.
Exports slipped 6.6% from a year earlier in October, Anand Sharma said at a
news conference. He didn't give the actual export numbers.
India's merchandise exports had decreased 13.8% from a year earlier in
September to $13.60 billion. In August, exports had declined 19.4% as a deep
global downturn hit demand.
However, local consumption and global demand are now improving and exports are
likely to pick up in the January-March period, Sharma said.
-By Prasanta Sahu, Dow Jones Newswires; 91-11-43563301; abhrajit.gangopadhyay@
dowjones.com
(END) Dow Jones Newswires
11-27-090218ET
Copyright (c) 2009 Dow Jones & Company, Inc.
|