India's exports declined by around 10 per cent in November, showing a negative trend for the second month in a row this year, following a recession in the US and several other European markets. Although the government is yet to officially rel ease the November figures, exports showed an almost a double-digit decline on lack of demand in most of the buying markets.
India has been facing the ripple effects of the global financial turmoil, which has resulted in slowdown of country's exports. Several developed markets including the US, the UK, Japan and other countries in the Eurozone, are officially in recession. T he government and the RBI have taken several steps including making available cheap credit to exporters, to boost the sector.
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