Indian exports will take time to get wind in their sails
SummaryIndia’s merchandise exports have contracted for three consecutive months, with April witnessing a double-digit decline of 12.7% on-year.
India’s overall exports (goods plus services) hit a high of $772.9 billion in 2022-23, surpassing the country’s $750 billion target and rising 14.2% over 2021-22. The performance since the pandemic abated has been impressive. However, challenges loom.