India´s Exports Fell by 5.4 Percent in June.

India´s Exports Fell by 5.4 Percent in June.

New Delhi : India | Jul 15, 2012 at 3:05 AM PDT
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India´s exports slumped by 5.4 percent in June compared to the same month of 2011, hit by economic factors in Europe, Asia, and North America, announced official sources on Friday.

According to foreign trade authorities, exports totaled $25.07 billion in June, in an environment in which exports of engineering goods and cars are facing the effects of the Eurozone crisis.

The sluggish economic growth of China and the 8.2 percent unemployment rate in the United States also add to the factors causing a drop in Indian exports.

India´s imports in June fell by 13.46 percent to $35.37 billion USD, leaving a trade deficit of $10.3 billion, the lowest number since March 2011.

With those figures, the government is facing calls to implement measures to help guarantee growth in one of Asia´s most important economies.

IQBALMEMON468 is based in Islamabad, Federal Capital Area, Pakistan, and is a Reporter on Allvoices.
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