06 January,2009 08:51 PM IST | | PTI
Exports fell for the third straight month, posting a negative growth of 1.6 per cent in December 2008 as demand from key markets continued to remain sluggish.
Revenue from exports during the month under review stood at USD 11.2 billion from USD 11.3 billion in the year ago period, an official said on the condition of anonymity.
Exports had fallen over 12 per cent in October, the first decline in five years, and dropped 9.9 per cent in November. Steel, textile, gems and jewellery and handicrafts were an area of concern.
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