Adani Enterp. 2544.35↑6.90(0.27%)
Adani Ports 726.85↑2.35(0.32%)
Apollo Hospitals 4609.90↑41.75(0.91%)
Asian Paints 3128.40↑4.85(0.16%)
Axis Bank 926.95↑5.90(0.64%)
B P C L 364.30↑1.00(0.28%)
Bajaj Auto 4615.95↓-28.05(-0.60%)
Bajaj Finance 6904.50↑63.35(0.93%)
Bajaj Finserv 1439.15↑11.80(0.83%)
Bharti Airtel 817.95↓-4.75(-0.58%)
Britannia Inds. 4596.20↑32.90(0.72%)
Cipla 951.35↑5.90(0.62%)
Coal India 241.50↑1.45(0.60%)
Divi's Lab. 3514.00↑78.35(2.28%)
Dr Reddy's Labs 4530.95↑27.00(0.60%)
Eicher Motors 3690.35↑38.85(1.06%)
Grasim Inds 1688.30↓-13.05(-0.77%)
H D F C 2650.60↑3.20(0.12%)
HCL Technologies 1139.20↑23.20(2.08%)
HDFC Bank 1615.80↑6.20(0.39%)
HDFC Life Insur. 577.20↑5.15(0.90%)
Hero Motocorp 2745.15↑12.35(0.45%)
Hind. Unilever 2652.35↑55.10(2.12%)
Hindalco Inds. 413.55↑9.30(2.30%)
ICICI Bank 950.70↑10.85(1.15%)
IndusInd Bank 1268.05↑4.65(0.37%)
Infosys 1317.45↑13.10(1.00%)
ITC 443.60↑2.45(0.56%)
JSW Steel 701.70↑5.05(0.72%)
Kotak Mah. Bank 1945.05↑15.10(0.78%)
Larsen & Toubro 2218.45↑13.75(0.62%)
M & M 1281.85↑4.05(0.32%)
Maruti Suzuki 9399.95↑118.10(1.27%)
Nestle India 21581.75↑106.85(0.50%)
NTPC 174.50↓0.00(0.00%)
O N G C 163.75↓-2.25(-1.36%)
Power Grid Corpn 237.30↓-0.65(-0.27%)
Reliance Industr 2506.50↑66.55(2.73%)
SBI Life Insuran 1195.75↑18.40(1.56%)
St Bk of India 586.00↑4.75(0.82%)
Sun Pharma.Inds. 969.90↑24.90(2.63%)
Tata Consumer 789.70↑9.40(1.20%)
Tata Motors 518.45↑3.60(0.70%)
Tata Steel 106.40↑1.55(1.48%)
TCS 3328.90↑35.40(1.07%)
Tech Mahindra 1114.75↑16.65(1.52%)
Titan Company 2742.15↑34.20(1.26%)
UltraTech Cem. 7721.85↑100.10(1.31%)
UPL 688.10↑12.30(1.82%)
Wipro 401.70↑7.60(1.93%)

India's goods exports may see a marginal impact from Germany recession

But exports may contract in FY24 due to worsening external situation in FY24

Indivjal Dhasmana New Delhi

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Photo: Bloomberg

4 min read Last Updated : May 26 2023 | 7:34 PM IST

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India’s goods exports may see a marginal impact from a recession in Germany but the merchandise outbound shipment was anyway expected to slow down in 2023-24.

The impact will be large if recession in Germany spreads to other countries in the Eurozone, but experts believe there won’t be a significant drop in EU’s GDP.

Germany — the largest economy in Europe and the fourth largest in the world — slipped into recession after it witnessed a dip in the first quarter of 2023. Germany’s gross domestic product (GDP) was down 0.3 per cent in the first quarter of 2023 against a drop of 0.5 per cent during the last quarter of 2022.