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India's August merchandise exports slump to over 12%

Tuesday - September 15, 2020 6:35 pm , Category : BUSINESS
New Delhi, Sep 15 (IANS) India's merchandise exports in August slumped to over 12 per cent on a year-on-year basis, official data showed on Tuesday.
Accordingly, the country shipped out merchandise worth $22.70 billion from $25.99 billion exported during the like period of the previous year.
The data showed that contraction caused by the Covid-19 pandemic widened during August at (-)12.66 per cent from (-)10.12 per cent in July and (-)12.41 per cent in June.
In terms of sequential movement, the country's merchandise exports in July stood at $23.64 billion.

--IANS rv/sn/arm

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