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Story in numbers: Steep drop in industrial demand may spoil recovery

Lack of domestic consumer demand and cyclical ebbing of global commodity prices have repeatedly been cited by the government as reason

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Coronavirus | industry

Subhayan Chakraborty 

The headlines panicking over a dramatic record fall in India’s merchandise exports in March because of the Covid-19 pandemic hid an unpleasant truth regarding the country's industrial performance. Policymakers at the commerce department have remained concerned for the entire 2019-2020 over the steep fall in imports, matching India's flagging export fortunes.

Lack of domestic consumer demand and cyclical ebbing of global commodity prices have repeatedly been cited by the government as reason. But now, sources confirm the Piyush Goyal-led department is closely watching the ...

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First Published: Sun, May 03 2020. 18:42 IST
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