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Dec 11, 2012
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November exports slip 4.2%: Government likely to announce fresh trade-related incentives
The government is likely to announce fresh trade-related incentives over the weekend, a move prompted by data that showed exports had contracted for the seventh straight month in November. Provisional numbers released on Tuesday showed exports had contracted 4.2% during the month, compared with the year-ago period, to $22.3 billion. Imports rose 6.4% to $41.5 billion, leading to a trade deficit of $19.3 billion, just short of the record $21 billion in October. Policymakers are worried the trend of slipping exports and rising imports will reverse the gains from the recent improvement in the country's external balances.
Source -
http://economictimes.indiatimes.com
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