-The Hindu Business Line
Imports fall 8.83 per cent, trade deficit shrinks to $11.25 billion
India’s goods exports declined for the fifth straight month in December 2019 by 1.8 per cent (year-on-year) to $ 27.36 bn as key items such as petroleum, engineering goods and gems and jewellery continued to suffer due to low global demand.
Imports were down 8.83 per cent in December at $38.61 billion as all major items, including gold, witnessed a decline, as per figures released by the Commerce & Industry Ministry on Wednesday.
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