War, US inflation impact: Export demand from big partners may taper off

After a rebound in external demand during the last one year, exporters are now apprehensive about moderation in the growth of outbound shipments for the next two-three months.

Demand for items, such as steel, apparels, leather, iron ore has been lukewarm from some of India’s largest export partners, such as the United States (US), European Union (EU).

“Flow of order has been impacted for the next two-three months due to high inventory. Unless the inventory is exhausted, getting sizable orders is a little challenging,” an industry official said, citing anonymity.

“Orders have not completely dried up, they are getting moderated.