Pandemic Fallout: Exports Fall Over 60% In April

by Rahul Gautam May 16, 2020 • 06:44 PM Views 1090

India's exports decline 60% in April to $10.36 billion in April and imports fall 59% to $17.12 billion. This is mainly because of the global slowdown due to the COVID-19 pandemic and closure of production units. India's economy was already in a slowdown before the pandemic began. Exports were already down by over 34.5% in March. The gems and jewellery business has been hardest hit