Commerce Secretary Anup Wadhawan said the current slowdown in exports is mainly due to a decline in petroleum products.

We are trying to provide whatever support you, as exporters, need from the government, MoS Hardeep Singh Puri said.

The Tata Consultancy Services scrip declined 3.76 per cent to Rs 1,929 on the BSE.

With shipments to more than 125 countries, the company's cumulative exports have already crossed 18 lakh units mark.

India and US are negotiating a trade package by ironing out trade issues with an aim to promote the two-way commerce.

FIEO said the new measures in form of incentives and refund of taxes will go a long way in enhancing the growth prospects.

Export sectors that recorded positive growth in the last month include iron ore, electronic goods, spices, and marine products.

All procurements counted as local sourcing.

Indian MMF exports have been stagnating for the past four years. At $6 billion, the exports had grown by a marginal 1.9 per cent in FY19.

Exports drop to $5,691 mn in FY19, de-growing by 0.85 per cent.