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Exports shrink for 14th straight month, down 13.6% in January to $21 bn

Exports shrink for 14th straight month, down 13.6% in January to $21 bn

India's exports contracted 13.6 percent in January - 14th month in a row - to USD 21 billion due to a steep fall in shipment of petroleum products and engineering goods amid tepid global demand.

No signs of turnaround; inflation up, IIP and exports down

In a clear signal that Indian economy is not out of woods, the key economic data released Friday revealed contraction in industrial production and exports coupled with near double digit retail inflation.