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Exports contract for fourth month in a row
Why is it in the news ?
- India’s exports contracted for the fourth month in a row in November, dipping 0.34% to $25.98 billion, mainly on account of poor shipments of petroleum, gems & jewellery and leather products.
More in the news
- Imports too declinedby 12.71% to $38.11 billion in November, narrowing the trade deficit to $12.12 billion.
- Gold imports increased by 6.59% to $2.94 billion in the month.
- Trade deficit stood at $17.58 billion in November 2018.
- As many as 17segments(Out of the 30key sectors) showed contraction in exports during the month under review.
Source
The Hindu.