The financial crisis in Greece has led to a 15.45 <g data-gr-id="28">per cent</g> fall in India's exports to the European nation during the first <g data-gr-id="16">quarter</g> of this fiscal, Parliament was informed on Wednesday. Total bilateral trade between both the countries during this period fell 8.33 <g data-gr-id="17">per cent</g> to $124.11 million, Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Rajya Sabha.
"The Greek Debt crisis has impacted India's bilateral trade with Greece," she said. She further said that no trickle-down effect of the crisis in India is anticipated at this stage; however, <g data-gr-id="19">institutional</g> mechanism is in place with Greece where steps can be discussed.
"The volume of software and engineering exports of India to Greece is not very large, hence there is <g data-gr-id="20">negligible</g> impact, however, there is not much impact on Eurozone," she added.