NEW DELHI : The performance of the country's exports is expected to be better in May as compared to April, when the shipments contracted to an all-time high of 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 -- reviving manufacturing, diversifying export basket, focusing on newer and accepting markets -- will drive the