Current context: Indian exports and Import saw a decline of 9.71% to $25 billion and 9% to $40.29 billion respectively in June 2019
a. World Economic Forum
b. IMF
c. World Bank
d. OECD
![Decline in Import and Exports Decline in Import and Exports](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtR5FfC9DqWBUNEaEm1LHTFI0PbywslFRIsR4i_ffxwPLzZ3hsOrPOsn7e5Wa7CCqjayHoeMSTWzsZvptEgcq9OEltUHU8_E1MQAW6nyAhpBMsOZIqm9Nzt0wyhBITRra_qDS-KlEbsqj3/s320-rw/cats-775.jpg)
- Reasons for the downfall of exports are fall in shipments of engineering goods, handicrafts, petroleum products, gems and jewellery, marine products etc.
- The decline is said to be due to the base effect of an extraordinary month of June 2018
- The exports are also affected by certain global trends as the World Bank also projected weakening of global trade in its Global Economic Prospects (June 2019)
- Temporary shutdown of ONGC Mangalore Petrochemical Ltd. Is also sought to impact the export of petroleum products by the Ministry
- Fall in the global price of steel affected the engineering goods
Question:
Q.1 Global Economic Prospects report is released by?a. World Economic Forum
b. IMF
c. World Bank
d. OECD