<p>The imports may recover faster, thanks to a strong demand, it said.<br /><br />However, it said, a “solid climb in exports is not expected until well into 2010” when major economies would be back on a firm footing.<br /><br />India’s exports declined by 27.7 per cent in June over the same month last year, contracting for the ninth month in a row due to a demand slowdown in major global markets.<br /><br />Imports dipped for the sixth straight month by 29.3 per cent to US$18.97 billion in June over the month a year ago. Moody’s said the imports are “expected to recover at a faster pace than exports, thanks to relatively solid demand in India.”</p>
<p>The imports may recover faster, thanks to a strong demand, it said.<br /><br />However, it said, a “solid climb in exports is not expected until well into 2010” when major economies would be back on a firm footing.<br /><br />India’s exports declined by 27.7 per cent in June over the same month last year, contracting for the ninth month in a row due to a demand slowdown in major global markets.<br /><br />Imports dipped for the sixth straight month by 29.3 per cent to US$18.97 billion in June over the month a year ago. Moody’s said the imports are “expected to recover at a faster pace than exports, thanks to relatively solid demand in India.”</p>