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India’s goods exports fall for third month- The New Indian Express
Express News Service
NEW DELHI: India’s exports fell year-on-year (YoY) for the third straight month to $33.88 billion in February, according to the commerce ministry data. Goods exports declined by 8.8% on a yearly basis as compared to the 6.58% fall in the previous month. According to the ministry, export of textiles, petroleum products and plastic & linoleum witnessed a massive decline in February because of subdued demand on account of recessionary effects in major economies.
However, sequentially, the merchandise exports have increased as they stood at $32.91 billion in January. Commodities that recorded noticeable growth include electronics, gems &…