Profit

Exports shock again, to slow further

PUBLISHED ON: January 1, 2009 | Duration: 2 min, 35 sec

  
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The November trade data released on Thursday shows a decline in exports yet again, making it the second straight month to see exports deep in the red. Besides, with oil imports continuing to surge further widening the trade deficit the outlook for the year to come is rather bleak, as far as exports are concerned. The doom and gloom feeling continues to haunt Indian economy with trade data for November showing that exports are facing the worst time ever.
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