Exports decline 6.57% in September

NEW DELHI: India’s exports remained in the negative zone for the second consecutive month in September contracting by 6.57 per cent to $26 billion mainly on account of significant dip in shipments of petroleum, engineering, gems & jewellery and leather products. Imports too declined by 13.85 per cent to $36.89 billion in September, narrowing the trade deficit to a seven-month low of $10.86 billion, according to the government data released on Friday.