During the month of July, exports expanded the lowest at 13.2 per cent. This figure shows the total exports that have happened till this year. In real terms the figure stood at $16.24 billion and the result for decline is the fragile recovery in the major markets of US and Europe.

For the first quarter of this fiscal, the figure had increased by 10 per cent. For July 2009, the exports were at $14.34 billion, as per the official figures.

For the individual months of April, May and June the export rate was at 36.2 per cent, 35.1 per cent and 30.4 per cent, respectively.

This trend was expected as can be understood by Commerce Secretary Rahul Khullar who said that the developed nations have begun to go for a rollback of economic stimulus and that is being done for fiscal consolidation.

Meanwhile, Indian industry is looking forward to more incentives and as per the steps taken by the government it seems that some more incentives are going to be given. This is being done so that the export figure touches $200 billion by the end of 2010-11.