The country’s merchandise export to India dropped in the past fiscal year, according to the latest statistics released by Export Promotion Bureau (EPB).
Annual export to India stood at $672.4 million in FY17 which was $689.62 million in FY16.
Thus, export to India declined by 2.49 per cent during the period under review.
EPB data also showed that export to India dropped after three years.
It was $498.5 million in FY12 which increased to $563.9 million in FY13 but declined to $456.6 million in FY14.
In the next two years, the export increased to $527.16 million (FY15) and $689.62 million (FY16).
Thus annual export to India declined again after two years.
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