Imports too declined by 8.83 per cent USD 38.61 billion, bringing down the trade deficit to USD 11.25 billion during the month under review.
Trade deficit during the period narrowed to USD 54.06 billion as against USD 82.47 billion in April-November 2018-19.
Lack of know-how regarding international markets and consumers, infrastructural constraints, and pesticide residues in produce are holding back Indian farmers from fully integrating into global supply chains
'The finance minister of India is lacking in macroeconomic understanding. A comprehensive package for economic revival was expected,' Congress spokesperson said.
The government's plan to organise at least four Mega Shopping Festivals is aimed at providing incentives to small and medium enterprises to sell or export their products.
Finance Minister Nirmala Sitharaman said export finance will be actively monitored by an inter-ministerial working group in the Department of Commerce.
Finance Minister Nirmala Sitharaman further said that despite all worries on industrial production front in the fourth quarter of 2018-19, "we see clear signs" of improvement up to July 2019.
Consumption of food contaminated with Salmonella can cause salmonellosis, one of the most common bacterial foodborne illnesses.
The move will hurt American exporters of these 28 items as they will have to pay higher duties, making those items costlier in the Indian market.
Of the total estimated potential lost revenue of USD 13 billion, approximately USD 4 billion was due to export misinvoicing and approximately USD 9 billion due to import misinvoicing, it said.
The arrested sailors were planning to move stolen crude oil from Nigeria with two foreign vessels, MT Apecus and MT Invictus, believed to be owned by Petrogress Incorporation, which has offices in Nigeria, Greece and the US.
The Madhesi agitation in 2015 had forced Nepal to explore trade links with China and reduce its long term dependence on India.
The development assumes significance as India has time and again asked for greater market access for its goods and services, including IT, pharmaceuticals and agriculture, in the Chinese market to reduce the widening trade deficit.
Why are US-China ties so stable?
Union Home Minister Amit Shah along with Gujarat Chief Minister Bhupendra Patel attends the inaugural ceremony of a new mega milk powder plant and new packaging film plant of Amul, in GandhinagarPTI Photo
Former Union Minister Vijay Goel along with supporters holds a demonstration at the ITO Chowk against Kejriwal government calling its fight against pollution only a drama, in New Delhi.PTI Photo/Kamal Singh
Uttar Pradesh ADG (Law and Order) Prasant Kumar (L) and UP Principal Secretary Deepak Kumar address a press conference on the cancellation of the UPTET Exam 2021, at Lok Bhawan in Lucknow.PTI Photo/Nand Kumar
Leaders from various parties join the BJP in presence of the party's State unit President Swatantra Dev Singh and Deputy C M Dinesh Sharma, in Lucknow.PTI Photo/Nand Kumar
A health worker collects swab samples of a vendor for COVID-19 testing at a market in the wake of spike in coronavirus cases, in Jammu.PTI Photo
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