Caution advised on Sept's export cheer

Trade and observers say easing of GST norms won't be reflected till Nov

Though exports rose 25.7 per cent in September, economists and exporters advise caution in celebrating the return of sustained trade growth.  

Despite issues over liquidity, exports grew at a six-month high in September over a year before, maintaining the momentum of 13 months of rise even under the Goods and Services Tax (GST) regime. However, experts say the rise did not reflect the supply-side issues faced by industry.

October’s easing in GST rules might take till November or December to reflect in the charts, they add. This includes the government continuing the duty drawback scheme through revised rates post October and