India’s merchandise exports fall for 16th straight month

New Delhi: India’s merchandise exports for March this year were valued at $22.72 billion, down 5.47 percent in dollar terms against $24.03 billion in the like month of last year, suggesting a decline for the 16th straight month.

Cumulatively, for the fiscal year 2015-16, exports were down 15.85 percent in dollar terms at $261.14 billion against $310.34 billion, according to official data on foreign trade released by the Ministry of Commerce and Industry on Monday.