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India's Nov exports down 9.9 pct from year earlier

Thu Jan 1, 2009 1:54pm IST
 
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NEW DELHI (Reuters) - India's exports fell an annual 9.9 percent in November to $11.5 billion, government data showed on Thursday, a second consecutive drop as the global slowdown slashes demand.

The trade deficit narrowed to $10.07 billion in November compared with $10.54 billion in October.

Imports were up an annual 6.1 percent at $21.57 billion in November, while oil imports rose 11.9 percent during the month from a year earlier to $7.25 billion.

Exports during April to November were up 19.4 percent at $119.3 billion from a year earlier, while the trade deficit during the period stood at $84.34 billion, from $53.2 billion a year ago.

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
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