Export growth: Slow GST refunds, volatile currency may hit Feb numbers, too

Slow GST refunds and low growth in labour-intensive sectors, besides a volatile currency, could pull back India's export growth in February, data for which are set to be released later today

The slowdown seen of late in India's export growth rate is likely to continue in February as well, thanks to a slow disbursement of Goods and Services Tax (GST) refunds, low growth in labour-intensive sectors and a volatile currency, say experts.

 

With a value of $24.38 billion, India's exports in January grew by 9.07 per cent, a single-digit rate for the first time in three months. Earlier, the statistics for December 2017 had been unnerving, with the growth rate for the month more than halving to 12.4 per cent from November’s 30.5 per cent.

Currency volatility

An analysis by Bloomberg