Business Standard

Exports: A post-Covid opportunity

In order to obtain 7 per cent growth, among other things, India has to tackle the stagnation in exports and the next Budget can make a beginning

Image
Premium

S Mahendra DevC Veeramani
India’s economy is projected to contract around 7 per cent in FY21. It may record a positive gross domestic product (GDP) growth of 9 to 10 per cent in FY22. If things are as usual, the new normal medium-term GDP growth could be 5 per cent per annum. In order to obtain 7 per cent growth, among other things, India has to tackle the stagnation in exports and the next Budget can make a beginning.

It is well known that exports are one of the main engines of growth and employment creation. When India had high growth, during 2000-2011, exports grew
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in