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Exports rise for fifth straight month, up 4% to $22 bn in Jan; gold imports slip 30%

India's exports rose for the fifth straight month in January, up 4.32 percent, to $22.11 billion on increase in shipments of petroleum products, engineering goods and iron ore even as trade deficit widened to $9.84 billion. The growth in shipments came despite the growing protectionist and anti-trade sentiment in the US and Europe, which exporters said pose "major challenges" for the sector in the near future. Gold imports tumbled 29.94 percent to $2.04 billion in January, from $2.91 billion in the same month last year.

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