Can India’s exports beat global recession?3 min read . Updated: 16 Aug 2022, 11:14 AM IST
Exports of goods and services as a share of GDP showed a marginal improvement to 21.5% in 2021-22 from 18.8% the previous year but trailed an average ratio of 24.6% between 2011-12 and 2014-15.
A stellar rise in India’s exports may have helped the pandemic-battered economy look up recently, but it is barely enough to suggest a turnaround for the long run. Exports as a share of gross domestic product (GDP) are still not high enough and, with the tides of the global economy now turning for the worse, further growth has become more challenging.
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