Sluggish growth in Europe slows down Indias exports in August
The Dollar Business Bureau | @TheDollarBiz Uneven growth among major economies and a slowdown in Europe has adversely affected India’s exports in recent months leading to a modest Y-o-Y growth of below 3% in August 2014. According to the Ministry of Commerce, India’s exports stood at around $26.9 billion in August 2014, up about 2.35% from $26.3 billion recorded a year earlier, but down about 2.8% from exports worth $27.7 billion recorded in July 2014. M. Rafeeque Ahmed, President, FIEO Cumulative exports during April – August 2014 of around $134.8 billion is still up about 7.3% from $125.6 billion in the corresponding period last year, but below the 8.62% growth registered for the April-July 2014 period. This does not augur well ...
