Responding to a nominal decline in January exports by 1.66 percent at $25.97 bn during the month, FIEO President, Sharad Kumar Saraf said that global and domestic factors have again pull-down the monthly exports. Besides protectionism and liquidity concerns coupled with sudden spread of Novel Coronavirus in the world’s second largest economy, China has further worsened the global sentiment and exporters are delaying their shipments. Other key factors including trade war, tension between Iran and the US and slowdown in economies across the globe have also exaggerated the problem for India’s exports sector, added Saraf. FIEO Chief said that with major global players including China, which is now facing an epidemic like situation, is not only losing its sheen in exports, but has dented its economy in a big way. The Indian exports is also passing through a very tough and challenging times as the currency volatility besides fluctuations in commodities prices including that of crude have also led to the nominal increase in exports of petroleum, which is a major constituent of India’s exports.