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Amid a slowdown in demand for Indian goods in developed countries, India can focus on 18 products, such as insecticides, construction material, chemicals, and iron and steel, to boost its exports to developing countries where the country meets only 2.5 per cent of the demand at present.
If India manages to increase this share to 5 per cent, it will boost exports by $34 billion, according to a report by MVIRDC World Trade Centre, Mumbai.
India’s merchandise exports grew just 0.59 per cent in November at $31.99 billion, as tepid external demand, geopolitical tension, and recessionary trends in developed economies weighed on
