Indian imports declined by $39.58 billion in August.
With Gross Domestic Product (GDP) growth sliding to a six-year low of 5 per cent in the April-June quarter along with several sectors facing a slowdown, Finance Minister Nirmala Sitharaman on Saturday
With India aiming to become a $5 trillion economy by 2025, Niti Aayog Vice Chairman Rajiv Kumar has said that the country needs to improve the export of goods and services.
The sluggish global economy, along with the domestic slowdown, dented India’s external trade as both exports and imports showed a downtrend in December.
Shanghai, Hong Kong and Seoul rose while Tokyo and Sydney retreated.
Bitcoin dropped by 7% to $48,176 in a third straight session of losses while others such as Ether and XPR suffered double-digit tumbles.
Spot gold was steady at $1,783.28 per ounce by 05:45 GMT while US gold futures rose 0.1% to $1,783.90 per ounce.