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
Recession, inflation, world economies

Photo: Bloomberg

Listen to This Article

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.

Also Read

Germany enters recession: What went wrong with Europe's largest economy?

Hockey World Cup final, Germany vs Belgium: Germans out to stop Red Lions

Are the markets fully pricing in recession fears?

Equities rebound on easing recession worries; HDFC twins back in green

Fifa World Cup: Giant killers Japan scalp Spain, Germany out in group stage

Services sector to drive GDP growth to 4.9% in Q4 FY23, says Icra

India's forex reserves snap 3-week rise, ease from near 1-year high

Rajasthan govt promotes manufactured sand as easy alternative to river sand

Govt plans to link tax collected at source with tax deducted at source: CEA

Govt plans PLI for chemicals used in pharma, other industries: Mandaviya

First Published: May 26 2023 | 7:34 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to