Reacting to the April, 2018 trade data, FIEO President, Ganesh Kumar Gupta said that the exports data is not encouraging. Almost all the labour-intensive sectors of export including gems & jewellery, leather & leather products, RMG of all textiles, jute manufacturing including floor covering, carpets, handicrafts, agri products and many other sector of exports, dominated by MSMEs are into negative territory. These sectors are still facing the problem of liquidity as banks and lending agencies have continuously been tightening their lending norms and flow of GST refund has also slowed down, which does not augur well for exports in the new fiscal added, Ganesh Kr Gupta, President FIEO said that the overall cushion provided by the petroleum sector to exports in recent months is also not available in April as its own exports declined by 4.5 per cent.
