India''s exports declined for a sixth straight month according to the latest provisional estimate for March, and are likely to extend the fall till September before recovering, commerce secretary G K Pillai said on Monday. India''s imports also continued to slip in the last month of 2008-09, dropping by 37%.
"In March we have the provisional (exports) figures. It is under $12 billion," he said. "So we are seeing the same trend of decline," he added.
The demand for Indian goods in Latin America and South-east Asia remains quite high, but it needs to rise up in US and Europe, which consume about 35% of Indian exports, he said. The final figures for 2008-09 exports is seen touching a lower revised annual target of $170 billion and may remain flat at that level in 2009-10 , he added.
"In March we have the provisional (exports) figures. It is under $12 billion," he said. "So we are seeing the same trend of decline," he added.
The demand for Indian goods in Latin America and South-east Asia remains quite high, but it needs to rise up in US and Europe, which consume about 35% of Indian exports, he said. The final figures for 2008-09 exports is seen touching a lower revised annual target of $170 billion and may remain flat at that level in 2009-10 , he added.
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