The International Monetary Fund (IMF) forecasts the Indian economy to grow by 11.5 per cent in 2021 and 6.5 per cent in 2022. This would be difficult unless exports pick up. At present, there are many headwinds.
The problems of moving cargo to the destinations continue. Containers are not easily available in time as there aren’t enough vessels sailing to and from India. The ocean freight rates have gone up significantly. Some exporters had to dispatch goods by air to meet the delivery commitments. The airlines have raised the freight rates significantly. A quick end to these problems is not in
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