Exporting is one of the major components of international trade. Indian exports sector is one of the worst hit segments due to the impact of global slowdown.
The table below shows how the Indian exports perfomed from the year 2006 to 2009
| Year | Exports (US $ million) | YOY Growth |
| 2006 | 1,18,400 | N/A |
| 2007 | 1,47,034 | 24.18% |
| 2008 | 1,87,764 | 27.70% |
| 2009 | 1,53,384 | -18.31% |
From the above table, we can see that the performance of Indian exports was growing till 2008 but suddenly fell last year. There was 24.18% growth in exports in 2007 compared to 2006. Similarly, there was 27.70 percent growth in 2008 compared to its previous year.
But, exports started dipping from October 2008 due to global economic slowdown. Major sectors like textiles, gems and jewelry, handicrafts, and marine products were hit badly. Indian exports decreased by 18.31 percent in 2009 compared to 2008. However, it has increased by 4.32 percent in 2009 when compared to 2007.
The Union Government has announced special incentives for exporters to cope up with the decline in demand in the international market. At present, Indian exports sector is showing positive signs of recovery month by month. We expect that the Indian export companies will have good days ahead.