India's exports are booming, but will it last?8 min read 20 Sep 2021, 09:48 PM IST
The uptick in exports has sparked hopes of a swift post-pandemic recovery, but there are reasons to be cautious.
The shortage of containers is also creating congestion and increasing the processing time at Indian ports. How these are tackled will determine the sustainability of the surge
BENGALURU : In a year where the Indian economy is stuttering back to normal, the burgeoning export numbers have been a cause for cheer. August was the fifth straight month when India’s goods exports exceeded $30 billion. In the last five years, other than this ongoing run, it crossed $30 billion in just one other month—March 2019 (see Chart 1). In four of these five months in 2021, the change over the corresponding month of 2019 (the year preceding the pandemic) has exceeded 25%.
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