Exports in India dropped 14.8 percent to $22.4 billion in July, compared to $26.3 billion in July 2011, according to data released by the Indian Ministry of Commerce and Industry, The Business Standard reported Aug. 29. Exports have fallen for three consecutive months since May, according to the report. Businesses have begun demanding expanded government support to offset high freight costs and other externalities, leaders from multiple industries in India said.
Wednesday, August 29, 2012 - 16:17