Even though goods exports declined for the seventh time in eight months in September, India’s weak foreign trade performance so far this year appeared to be turning around as per data released by the Commerce Ministry on Friday, which included revisions worth over $5 billion to August’s trade tally.
While goods exports dipped 2.6% from last September to hit a three-month low of $34.47 billion, imports dropped by a sharper 15% to $53.84 billion, and were 10.4% below August’s updated import bill of $60.1 billion, which marked an 11-month high.
