Look into credit issues, says Saraf

The world economy is being further aggravated by the US-China Trade war and developments in Iran, said the Federation of Indian Export Organizations President Sharad Kumar Saraf.

The uncertainty attached to it will also affect the flow of investment and add to currency volatility, he said in recent comments on further decline in Indian exports in June 2019.

June 2019 exports fell for 21 of the 30 major sectors with a first time decline in almost all labour-intensive product exports and petroleum products.

The nine sectors gaining from exports were some plantation and agri products, iron ore, ceramic products & glassware, drugs & pharma, electronic goods and jute manufacturing including floor covering.

Saraf also highlighted ongoing domestic issues including access to credit, cost of credit especially for merchant exporters, interest equalization support to all agri-exports, benefits on sales to foreign tourists and quick refund of GST.

He called on authorities to seriously looked into these issues impacting exports. fiinews.com