India's exports fall almost 35% in March, drop 4.78% in FY20

India's exports declined by 34.57 per cent to $21.41 billion in March, as they fell by 4.78 per cent to $314.31 billion for 2019-20.

Trade deficit narrowed to $9.76 billion in march this year from $11 billion in the same month last year. It was $152.88 billion in April-March 2019-20 compared to $184 billion in the previous fiscal.

"The decline in exports has been mainly due to the ongoing global slowdown, which got aggravated due to the current Covid-19 crisis. The latter resulted in large scale disruptions in supply chains and demand resulting in cancellation of orders," the commerce ministry said in