Business
India’s trade deficit is falling at a rapid pace, expect positive growth in exports in coming months – Piyush Goyal
Picture : Twitter/ ANI
India’s trade deficit is falling at a rapid pace and the exports are expected to see positive growth in the coming months, Commerce and Industry Minister Piyush Goyal said .
He said that countries in the world are facing a slowdown and global trade is relatively weak right now.
Given the challenging situation, high interest rates, and cut down in discretionary spending have led to a fall in the exports of readymade apparel and the gem and jewellery sector, the minister said adding lower petroleum prices have resulted in lower export numbers.
