India’s export growth dips 1.9% to US$24.9bn

Crisis has been on for 8 months in a row.

According to Maybank Kim Eng, December exports fall 1.9% YoY to US$24.9bn; Imports rise 6% YoY to US$42.5 bn.

Here’s more from Maybank:

Exports fell for the 8th consecutive month due to poor demand in the US and Europe for Indian products. Imports increased due to rising prices of petroleum products. Thus, trade deficit increased to US$1.5bn from US$14.7bn a year ago.

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