Exports: A post-Covid opportunity

In order to obtain 7 per cent growth, among other things, India has to tackle the stagnation in exports and the next Budget can make a beginning

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S Mahendra Dev C Veeramani

6 min read Last Updated : Jan 07 2021 | 1:28 AM IST

India’s economy is projected to contract around 7 per cent in FY21. It may record a positive gross domestic product (GDP) growth of 9 to 10 per cent in FY22. If things are as usual, the new normal medium-term GDP growth could be 5 per cent per annum. In order to obtain 7 per cent growth, among other things, India has to tackle the stagnation in exports and the next Budget can make a beginning.

It is well known that exports are one of the main engines of growth and employment creation. When India had high growth, during 2000-2011, exports grew

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Coronavirus Indian Economy India GDP growth Indian exports Trade exports manufacturing

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