Fall in India’s exports have been arrested in May and now it is time to extend incentives to boost the overseas shipments, Ministry of Commerce and Industry said.
Nirmala Sitharaman, Minister for Commerce and Industry said, although the pick up in exports may be slow but the bottoming out has happened. Government will extend incentives to boost exports.
The remarks assume significance as exports fell for the 18th month in a row in May, though marginally by 0.79 per cent, to 22.17 billion dollars as several non-oil sectors such as engineering and gems and jewellery saw a rise in outward shipments.
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