NEW DELHI: India’s exports slumped for the fifth straight month in April from a year earlier, dragged down by fall in global demand that has cast a shadow over Prime Minister Narendra Modi’s goal of achieving over 8 percent growth in 2015/16 fiscal year.
The ongoing weakness in merchandise exports, which account for about 16 percent of India’s roughly $2 trillion economy, will weigh on January to March economic growth numbers due to be released on May 29.




