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Exports fall for 6th straight month; down over 12%

Imports too declined 26 per cent to $29.47 billion in August, leaving a trade deficit of $6.77 billion. Contracting for the sixth straight month, India’s exports slipped 12.66 per cent year-on-year to $22.7 billion in August, on account of fall in the shipments of petroleum, leather, engineering goods and gems and jewellery items, as per the government data released on Tuesday.