Home / Economy / News / FY21 exports may fall by 10% if there's no second corona wave: FIEO

FY21 exports may fall by 10% if there's no second corona wave: FIEO

Apex exporters body warns blanket ban on Chinese goods will hurt Indian industry, pushes for FTAs blanket bans

PORTS, exports, imports, trade, shipping, ships, economy

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Domestic industry has suggested the government trash plans to raise tariffs on Chinese imports, in favour of more such non-tariff barriers, which Indian goods face in other nations

Subhayan Chakraborty New Delhi

5 min read Last Updated : Jun 25 2020 | 3:01 PM IST

India's exports are expected to contract by 10 per cent in 2020-21 with the devastating impact of the coronavirus pandemic slowly receding, and June exports expected to shrink by only 12 per cent, and a huge improvement from May's high 36 per cent, the Federation of Indian Export Organisations (FIEO) has said.

However, this calculation also runs the risk of sliding deeper into red if the government pursues a blanket ban on imports from China, FIEO warned at a press conference on Thursday. It reiterated that customs authorities at several ports have ordered sudden examination of Chinese consignments without any official

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