India's exports fall for 17th-straight month
According to data released by the Commerce Ministry, India's merchandise exports contracted for the 17th straight month in April, as outward shipments shrank 6.74% against the year-ago period to $20.57 billion. Overseas shipments of petroleum products dropped by 28.15% to $1.97 billion, while that of engineering goods fell by 19% to $4.76 billion.