Eco Survey: Goods exports a key to stable rupee, manufacturing under strain

Economic Survey flags rupee pressure, stressing goods exports for currency stability as manufacturing stagnates and productivity gains outpace wage growth

Goods exports a key to stable ₹ 

The Economic Survey projects the economy to grow by 6.8-7.2% in FY27, but cites the rupee’s depreciation against the dollar as a key challenge. Merchandise exports play a greater role vis-à-vis services for a stable currency. Services exports continue to outdo goods in growth.

 

 

 

Manufacturing under strain 

Manufacturing  share in GDP has declined in nominal terms and remained flat in real terms since 2019-20. Capacity utilisation of firms has stayed in the mid-70% range. Net value added per worker rose faster than emoluments, indicating divergence between productivity & compensation.