India's merchandise exports for March this year were valued at $22. 72 billion, down 5. 47 percent in dollar terms against $24. 03 billion in the like month of last year, suggesting a decline for the 16th straight month.
Cumulatively, for the fiscal year 2015 - 16, exports were down 15. 85 percent in dollar terms at $261. 14 billion against $310. 34 billion, according to official data on foreign trade released by the Ministry of Commerce and Industry on Monday.
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