India's exports has fallen by 4.16 per cent. Imports too declined by 7.36 per cent last mont.

Director General of Foreign Trade Anup Pujari said exports came down to 25.68 billion US dollars in May compared to 26.7 billion US dollars in the same month last year. Slowdown in demand from the Western markets are the main cause for the fall.

Imports totalled to 41.9 US dollars in May 2012 down from 45.2 billion on year-on-year basis. gave this information to reporters in New Delhi today. He said the trade deficit in May has shrunk to 16.3 billion US dollars from 18.5 billion US Dollars.

AIR correspondents reports that after crossing the 300 billion US dollars mark last fiscal, India is looking at an export figure of over 360 billion US Dollars in the current fiscal.

Earlier this month, the government had announced a slew of measures like continuation of interest subvention to boost exports because of fragile global economy and problems in the euro-zone.