Exports dip 1.66% in January

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The country's exports contracted for the sixth month in a row by 1.66 percent in January to $25.97 billion, according to the data released by the commerce ministry on Friday.

Imports too declined by 0.75 per cent $41.14 billion, leaving a trade deficit of $15.17 billion during the month under review.

The trade deficit was $15.05 billion in January 2019.

During April-January 2019-20, exports slipped 1.93 per cent to $265.26 billion, imports declined by 8.12 per cent to $398.53 billion, leaving a trade deficit of $133.27 billion.