India Export Falls by 15.9 pct in January .

India's exports fell by 15.9 percent in January, marking a downturn in fourth consecutive months straight, showed the government statistics published Monday. 

The export in January was valued at 12.381 billion U.S. dollars, compared with 14.717 billion U.S. dollars registered in the same month last year, according to statistics released by the Directorate General of Foreign Trade. 

India's exports grew by 13.2 percent growth in the first 10 months of the current fiscal year ending March 31, with a total volume of 144.266 billion U.S. dollars against 127.454 billion in the same period of previous fiscal year. 

The Indian government said that due to global economic slowdown, the country is bound to miss the goal of 200 billion U.S. dollars in export volume in the current fiscal years.

Officials estimate the country's export will attain 170 billion U.S. dollars this fiscal year.