They have declined by 0.3% to $21.51 bn due to dip in shipments of products like petroleum and leather. The outward shipments stood at $21.58 bn in August 2015 . The country’s imports too contracted by 14% to $29.91 bn, leaving a trade deficit of $7.67 bn in the month under review. The trade gap was narrowed in August this year from $12.4 bn in the same month last year.

India's exports decline for the second consecutive month in August

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