Responding to a yet again marginal decline in November exports by 0.34 percent with $25.98 bn during the month, FIEO President, Sharad Kumar Saraf said that both domestic and global factors have led to this decline in exports. Prolonging trade tensions and protectionism along with sluggishness in the economies across the globe has further added to the woes of the India’s exports sector. The slowdown projected across the economies for short-term and medium-term and return to more normal trade relations among countries looks a mere probability, said Saraf. The currency volatility besides fluctuation in commodities prices including crude prices have also led to the decrease in exports of petroleum, which is a major constituent of India’s exports.

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