Exports decline 27.7%, imports by 29.3% in June
On account of the global recession, India’s exports fell for the ninth month in a row in June, this time by 27.7% whereas imports dropped by 29.3% showing slowdown in domestic market. Additionally, as the India’s total imports are immensely influenced by a whopping decline of 50.6% in oil imports it showed a faster pace [...]
Gold imports halved to 12 tonnes in June
The imports of Gold imports dipped by 50 per cent in June as compared to the same period last year on account of the slowing demand amid a rise in prices. The imports of gold in June 2009 stand at 12 tonnes as against 24 tonnes in the same month last year, according to the [...]