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November 10, 2008 17:03 IST
Last Updated: November 10, 2008 17:04 IST
India's exports declined in October this fiscal, for the first time in five years, due to the global slowdown, a senior commerce ministry official said on Monday.
"For the first time in the last five years, in October, there has been a decline of over 15 per cent (in exports) in dollar terms," director general of foreign trade R S Gujral said at a function organised CAPEXIL in New Delhi.
Barring the export of the petroleum products, 'there has been a decline of over 20 per cent,' he said.
Growth in April-October has been 21.5 per cent, down from 30.9 per cent for the April-September period.
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