Financial Times FT.com

Indian exports sink for ninth straight month

By James Lamont in New Delhi and Jamil Anderlini in Beijing

Published: August 3 2009 12:26 | Last updated: August 3 2009 12:26

India’s exports fell for the ninth month in a row in June strengthening the likelihood of new state assistance, but in China domestic demand pushed the purchasing managers’ index to rise at its fastest rate since 2008.

India’s exports fell almost 28 per cent to $12.8bn in June compared with the previous year, the government said on Monday, marking only a marginal improvement in performance from previous months. Imports likewise dropped, falling 29.3 per cent to $18.98 billion in June.

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