The ongoing global slowdown coupled with the faster growth of COVID 19 pandemic have affected the world trade severely. Disruption in the supply chain and massive cancellation of orders have down turned Indian exports too. Except the export value of Iron ore (which has registered a growth of 58.43% between March’19 to March’20) almost all the other major commodity groups like Oil meals (-69.85%), Meat, dairy and poultry products (-45.48%), Gems and jewellery (-41.05%), Tea (33.74%), Rice (-28.28%) etc. have experienced a significant fall in their export activities during the mentioned time period.

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