Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.
For most part of 2019, the government was successful in price control but the party seemed to have lost the sheen lately.
The auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.
The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent.
Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a strong medium-term growth outlook.
The total value of investments via P-notes in the Indian markets declined by Rs 7,103 crore to Rs 69,670 at Nov-end.
India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.
Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.
The panel also relaxed levy of penalty for non-filing of GSTR-1 from July 2017.
Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.