Exports fall at fastest pace in 25 yrs in April due to coronavirus lockdown

Exports shrank by 60% in April as the monthwide lockdown restricted outflow of goods

India’s exports contracted by a record 60.28 per cent in April to $10.36 billion, shrinking for a second straight month as the Covid-19-induced lockdown took its toll on trade with other countries.
 

The rate of fall in outbound trade was the most since at least April 1, 1995, as manufacturing units remained shut for the first 20 days owing to the nationwide curbs, and faced major logistics and supply-side hurdles later on. The country’s exports had declined by 34.57 per cent in March.
 

Imports crashed 58.65 per cent to just $17.12 billion in April, according to the data released by