India's exports fall for 16th-straight month
According to data released by the Commerce Ministry, merchandise exports contracted for the 16th straight month in March, as outward shipments shrank 5.47% against the year-ago period to $22.71 billion. Imports dipped 21.56% to $27.78 billion against the year-ago period, thereby narrowing the trade deficit, for the third straight month to $5.07 billion for the month under review.