Marginal exports growth in February

There was a marginal growth of 2.44 percent in exports amounting $ 26.67 billion in February. Responding to the trend, President FIEO Ganesh Kumar Gupta maintained that economies across Asia specially China and South East Asian nations have been showing signs of sluggishness with contraction in manufacturing due to slowdown in the global trade and fragile world economy.

Almost all labour-intensive sectors of exports during the month have moved into the negative territory including gems & jewellery, leather & leather products, plantation, handicrafts, carpets, jute manufacturing including floor covering, marine products, etc.

18 out of 30 major product groups were in positive territory, though the growth was broadly marginal.

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