<h1>India's March 2015 Exports Drop 21.06% YoY; Trade Deficit Hits $137.01 Billion for Fiscal Year.</h1> In March 2015, India's merchandise exports were valued at approximately $23.95 billion, marking a 21.06% decrease from March 2014. The cumulative exports for April 2014 to March 2015 showed a slight decline of 1.23% compared to the previous year. Imports in March 2015 totaled $35.74 billion, a 13.44% decrease from the prior year, with the cumulative annual imports showing a minor decline of 0.59%. The trade deficit for the fiscal year was $137.01 billion, slightly higher than the previous year. In February 2015, services exports were valued at $14.1 billion, with a trade balance of $6.2 billion.