Even after exports rose by more than 25 per cents in September, economists and exporters alike have advised caution against celebrating the return of sustained trade growth.
Despite issues over liquidity, exports grew at a six-month-high rate of 25.7 per cent in September year-on-year, maintaining the momentum of 13 months of interrupted rise under the Goods and Services Tax (GST) regime. However, experts said the rise in September was drastic and do not reflect the supply side issues being faced by the industry.
The recent set of easing in GST norms which happened in October may take time till November or December