Discuss the trend in the performance of India’s External Sector during the period 2019- 20.

India's external sector performance in the fiscal year 2019-20 was marked by a mix of challenges and opportunities. The period saw several shifts in the global economic landscape, impacting India's trade dynamics, foreign exchange reserves, and balance of payments.

1. Trade Performance: India's trade scenario during this period faced significant headwinds. The global trade tensions, particularly between the US and China, had ripple effects on global commerce, affecting India's trade volumes. The country witnessed a decline in both exports and imports, largely due to weakened global demand and disruptions in international supply chains. Sectors like automobiles, textiles, and gems & jewelry faced setbacks in export growth. However, the decline in imports cushioned the trade deficit to some extent.

2. Balance of Payments: India's balance ___ _________ _____ _________ ______ _________ _______.
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