Cargo Breaking News
Responding to marginal rebound in July 2019 merchandise exports data, Sharad Kumar Saraf, President, FIEO, said that growth in exports shows resilience of the Indian exporting community even during such tough times and sluggishness in the global economy. Saraf is of the view that the reflection of sluggish global demand and uncertainties emanating from
tariff war is clearly visible in the slowdown in exports across the globe.
Major product category which contribute to the country’s exports basket was in the negative territory such as the petroleum, plastic & linoleum, cotton yarn/fabs/made-ups, handloom products etc., engineering goods, gems & jewellery, leather & leather products
besides some of the agri sector of exports also showed de-growth during the month.
