World Economy

India Exports Fall

India Exports FallIndia Exports Fall

India’s merchandise exports fell for the 13th successive month in December, as orders from the United States and Europe shrank and exporters grappled with a competitively weaker Chinese yuan, Reuters reported. The deteriorating global economic growth outlook and rising volatility in currency markets have dampened Indian exports, although the blow has been softened by a collapse in the country’s oil import bill. “We are facing terrible times as orders from the US and Europe have dried up,” said S.C. Ralhan, president of the Federation of Indian Export Organizations, referring to shipments to India’s two largest markets.