India's exports declined for the fourth month in a row in February to $36.91 billion due to volatility in petroleum prices and global uncertainties. The country's exports stood at $41.41 billion in the same month a year ago.
India, the world's biggest consumer of gold, imported 967 tonnes of gold in 2011.
The Reuters-Jefferies CRB index tracks 19 major commodities, including crude oil, gold, silver, copper and aluminum.
'Going ahead, I think the world trade will slow down or decline, and this will be bad for everybody.'
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