India's exports fall for 18th-straight month
According to data released by the Commerce Ministry, India's merchandise exports contracted for the 18th straight month in May, as outward shipments shrank 0.79% against the year-ago period to $22.17 billion. Imports also dipped 13.16% to $28.44 billion against the year-ago period, thereby narrowing the trade deficit to $6.27 billion for the month under review.