It is time for our corporate sector to work on export performance4 min read . Updated: 09 May 2022, 10:34 PM IST
India Inc must rely on R&D-driven competitiveness rather than tariff barriers or a weaker currency
In fiscal year 2021-22, India’s exports did rather well. They were nearly $420 billion, raising hopes that India was putting behind it a decade of export under-performance. For India to be a $5 trillion economy by 2024-25, we need to export at least $1 trillion worth of goods and services, as exports contribute around 20% to overall gross domestic product (GDP). What would it take to sustain India’s export growth? We explore some avenues.
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