India's exports have entered negative zone after a gap of eight months recording a decline of 9.71 per cent to USD 25.01 billion in June, according to the government data. Imports also declined 9 per cent to USD 40.29 billion in June mainly due to falling prices of petroleum products, leaving a trade deficit of USD 15.28 billion. It was USD 16.6 billion in June last year. Last time it was in September 2018, when exports contracted by 2.15 per cent. Exports were down on account of fall in shipments of gems and jewellery, engineering goods, petroleum products, plastic, handicrafts, ready-made garments of all textiles, chemicals, leather, and marine products, oil meals and oil seeds.
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