<div>India's merchandise exports contracted for the eighth straight month in July, government data showed on Friday (14 August), marking a 10.3 per cent drop year-on-year because of continuing weak global demand.</div><div> </div><div>The trade deficit widened to $12.8 billion last month from $10.8 billion in June, the data released by the Ministry of Commerce and Industry showed.</div><div> </div><div>Imports fell 10.3 per cent from a year earlier to $35.95 billion in July, while exports stood at $23.1 billion, the data showed.</div><div> </div><div>(Reuters)</div>
