About 10 days back, Commerce Minister Piyush Goyal said exporters should not be dependent on a depreciating rupee to stay competitive and, instead, they should stand on their own feet on the basis of quality of products and the ability to serve the needs of customers in the global markets. It would be interesting to see if he takes the same view on several demands of the exporters.
Last Monday, in a press release, the Federation of Indian Export Organisations (FIEO) gave detailed data and said contrary to general perception rupee depreciation is not providing much competitiveness as currencies of most
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