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Goyal expects better exports performance in May, contraction to be lower

There was a huge decline in exports in April but "my sense is that in May, it will improve significantly", he said while speaking at CII's Export Summit

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The ministry has asked Nasscom to look at the strategy for $500-billion IT services exports in the next five years, he said.

BS Web Team Agencies New Delhi

2 min read Last Updated : May 28 2020 | 3:28 PM IST

India's exports will improve in May compared to April when shipments contracted by a record 60.28 per cent, Commerce and Industry Minister Piyush Goyal said on Thursday.

He also hoped that the contraction in the growth rate of exports in June would be around 10 per cent only.

There was a huge decline in exports in April but "my sense is that in May, it will improve significantly", he said while speaking at CII's Export Summit through video conference. The minister expects that the exports will be down by about 30-35 per cent in May.

Goyal said three main things

Topics : Piyush Goyal Commerce ministry Indian exports CII

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