Exporters association Federation of Indian Export Oganisations(FIEO)has said the downward trend in labour-intensive sectors of exports is not good for the economy.Reacting to officially released foreign trade data for exports, FIEO President, Ganesh Kumar said the export data of US$ 26.07 billion with a growth of 0.64 per cent is not at all encouraging as almost all the labour intensive sectors, Leather & Leather products, gems & jewellery, engineering goods, cotton yams/fabs/made-ups, man-made yarn/fabs/made-ups, carpets, marine products, few plantations and various other sector of exports dominated by MSMEs were into negative territory in April.
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