As per exporters' body FIEO, the country's exports are likely to touch $350 billion exports in 2018-19. Growth is likely to slow in the coming months owing to various domestic and global factors. Indian exports have always been influenced by the growth in global trade and therefore, subdued global trade forecast of 3.9 per cent in 2018 and 3.7 per cent in 2019 will have an adverse bearing.

Exports from September to November, being affected by high-based, clocked over 25 per cent growth in 2017. The sanctions on Iran, payment problems in Venezuela, huge depreciation of currencies of Argentina, Turkey, South Africa, Russia, Brazil and banking restrictions on large number of countries like Syria, Sudan, Libya, and Iraq are affecting exports. On the domestic front, he flow of credit to the export sector is a huge issue as export credit declined by over 41 per cent in April-June.