Business Standard

Why neglect exports?

India's exports are held back more by our inadequate policies than by any stagnation in world trade

manufacturing, Indian economy, Industries, GDP growth, IIP
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Shankar Acharya
The Indian economy is in the midst of a steep and pervasive slowdown, with the growth rate having declined in six successive quarters down to 4.5 per cent in FY 2019/20 Q2 and with little prospect of early recovery. There is a great deal of debate in the media and other fora on how to revive the main components of aggregate demand such as consumption and investment, and whether the parlous fiscal situation permits further pumping up of government spending. Astonishingly, there is little discussion on the missing component, exports.
 
Yet, as recently as 2013-14, exports of goods and
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

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First Published: Dec 12 2019 | 1:43 AM IST

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