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- The decline in exports in June 2019 is due in large part to a base effect of an extraordinarily good month in June 2018 impacting growth figures for June 2019.
- While average exports in June have been $22-23 billion since 2015-16, exports in June 2018 were relatively quite high at $27.70 billion
- The negative growth is consistent with certain global trends, which have impacted India’s exports in recent months.
- The World Bank, in its Global Economic Prospects (June 2019), has projected weakening of global trade in 2019. Global trade is projected to grow at 2.6% this year ”“ a full percentage point below their previous forecast.
Source
The Hindu