Zee Media Bureau
Contracting for the tenth month in a row, India's exports plunged by 24.33 percent in September to USD 21.84 billion.
The significant slump in country's exports is attributed to global slowdown and declining commodity prices worldwide.
In September 2014, the merchandise exports had amounted to USD 28.86 billion.
The last time exports registered a positive growth was in November 2014, when shipments had expanded at a rate of 7.27 percent.
Imports too declined by 25.42 percent to USD 32.32 billion in September this year.
Zee News App: Read latest news of India and world, bollywood news, business updates, cricket scores, etc. Download the Zee news app now to keep up with daily breaking news and live news event coverage.
