Business Exports to rebound in 2020 but growth to remain subdued Updated : December 29, 2019 10:11 AM IST India's export growth is in the negative zone since August 2019 due to a steep fall in shipments of key sectors like petroleum, engineering and gems and jewellery. Labour-intensive sectors such as carpets, ready-made garments, handloom and leather too are recording decline in export growth. As per the World Trade Organization (WTO), global merchandise trade volumes are expected to rise by only 1.2 percent in 2019. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.