July 16, 2019
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Export performance: merchandise exports fell amid base effects and global slowdown, while services exports rose and policy action was initiated.
India's June 2019 trade data show a marginal overall export decline driven by a notable fall in merchandise exports across petroleum products, rice, textiles, gems and jewellery, chemicals and engineering goods, while services exports grew strongly. The downturn is largely attributed to a base effect from an unusually strong June 2018, global trade slowdown and commodity price declines, and operational disruptions in domestic refining and petrochemical plants. The Department of Commerce is implementing export promotion engagement with export promotion councils and targeted initiatives to address constraints and seize opportunities arising from major power trade tensions.