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

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

Her remarks drew varied responses with the opposition Congress seizing on it to criticise the government.

PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.

BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs, says PM.

The fund will finance 1,600 stalled housing projects comprising 4.58 lakh housing units across India, said FM Sitharaman.

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50.

Industry bodies exuded confidence that India will climb the rankings further to be among the top 50 nations.

In January, Walmart told the US government privately that India's new rules were regressive and had the potential to hurt trade ties.

The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said the letter.