Key reason for the country's stagnating exports is its failure to build a strong manufacturing base
Other cereals, oil meals, meat, dairy and poultry products and fruits and vegetables too recorded negative growth during the month
India mainly exports processed meat and meat of buffalo, sheep and goat
India's exports of pharma products to the US jumped by 23.4% to $4.74 billion last year
The central bank has announced its second bi-monthly monetary policy statement for FY17
FY16 witnesses second year of contraction at $261 billion- a five-year low
The fall in exports is due to a combination of factors such as low commodity prices, and fall in petroleum product prices
Sitharaman said the government has introduced various measures to increase the country's total exports