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Money News

India's merchandise exports fell 5.4% y/y in October

Cargo containers are seen stacked outside the container terminal of Jawaharlal Nehru Port Trust (JNPT) in Mumbai, July 15, 2015. REUTERS/Shailesh Andrade/File Photo

NEW DELHI (Reuters) - India’s merchandise exports fell 5.4% in October from a year ago to $24.82 billion while imports contracted 11.56% to $33.6 billion, preliminary data released by the government on Tuesday showed.

Exports had grown 5.27% to $27.40 billion in the previous month, the data showed.

Reporting by Manoj Kumar and Nivedita Bhattacharjee; Editing by Andrew Heavens

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