New Delhi, March 18 -- Union Commerce and Industry Minister Piyush Goyal has said that India's trade performance is stable despite disruptions caused by the ongoing West Asia conflict, highlighting continued growth in services exports and overall resilience in external trade.

In a statement in Lok Sabha, the minister said merchandise exports did not decline in February, while services exports continued to grow strongly. He added that after a brief slowdown in early March, export growth recovered in the second week and is expected to remain stable by month-end.

Goyal noted, "Amid the adverse situations in the world, anyone could think that ships cannot pass through the Strait of Hormuz, freight has hiked by 3 times, and there is no insur...