Exports fall steeper this fiscal
Data showed that the decrease in the current fiscal was steeper than what was released by the commerce ministry so far, with the government revising exports figures upward by $14 billion for 2008-09.
However, the Directorate General of Commercial Intelligence and Statistics (DGCI&S) has revised the exports figures for the previous financial year to $182 billion against around $168 billion.
Moreover, with the change in base, the decline in exports for the April-August period 2009-10 would be steeper than 31% while the difference has risen due to the export turnover of the special economic zones which was earlier not counted in the external trade figures.
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