India's merchandise exports first broke the monthly contraction sequence, which started from February, in August this year. It, however, saw a year-on-year contraction of 2.6% in September before expanding again by 6.21% in October, according to official data released on Wednesday.
Based on the internal assessment of exports in the first week of November, Barthwal said, there is a ubstantial positive trend" despite a fall in commodities prices. "Green shoots are stabilising," the commerce secretary added, referencing his own comment on October 13 that "green shoots" were visible.
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