Indian exports to EU drop by 11%

According to EuAsiaNews, Indian exports to the European Union (EU) fell by 11 per cent to €18.4 billion for January-June 2012 from 20.6 billion euro for the same period in 2011, the EU’s statistical office Eurostat said. Exports from the 27-member EU to India dropped six per cent to €19.3 billion (around $25 billion) for January-June 2012 from the €20.6 billion (around $27 billion) for the same period in 2011. It said that EU exports to most of its major partners grew in January-June 2012 compared to January-June 2011, except with India (minus 6 per cent) and Turkey (minus 2 per cent). From gulftoday