The prevailing stiff global financial conditions have impacted the export business of the country. Exports growth remained less at 10.4 percent in September 2008. However, import business has grown by 43.3 percent for the same period.

India's export stood at $13.74 billion during September 2008 as per the provisional figures released by the Department of Commerce. It was $12.45 billion in the same period last year. Exports grew by 36.7 per cent at Rs 4,05,118 crore during April-September 2008 in terms of Indian currency. It was Rs 2, 96,423 crore in the same period of last year. 

Import grew by 43.3 percent during September 2008 at $24.38 billion. It stood at $17 billion last year. The export and import business of the country is under huge pressure following global financial crisis. India is largely dependent on import of crude oil and depreciation of rupee also increased the import bill. Export may also decline in coming months as demand is decreasing worldwide following global financial crisis.