In June 2014, the merchandise exports had stood at USD 26.47 billion. The last time exports registered a positive growth was in November 2014 when shipments expanded at a rate of 7.27 percent.
Imports, too, declined by 13.40 percent to USD 33.11 billion in June 2015 due to fall in oil and gold shipments.
Trade deficit narrowed to USD 10.82 billion in the month under review compared with USD 11.76 billion in June 2014, according to the data released by the Commerce Ministry.
The main exporting sectors which reported negative growth include petroleum products (about 53 percent), engineering (about 5.5 percent), leather and leather goods (about 5 percent), and chemicals (1.26 percent) in June.
Exporters expressed serious concerns over the continuous decline and said the government should act fast in taking measures to help arrest the dip.
"It is matter of serious and grave concern as the decline is continuing. Government should immediately engage with the stakeholders to understand the reason behind decline and take steps to overcome the situation," Federation of Indian Export Organisations (FIEO) President S C Ralhan said.

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