Share of exports in GDP at 14-year low of 19.4%

Exports up just 1.2% in Q1 despite strong rebound in global trade in goods and services

Krishna Kant  |  Mumbai 

The share of exports in India’s gross domestic product (GDP) declined to a 14-year low during the first quarter (Q1) of the current financial year (FY18), as growth in exports of goods and services remains below overall economic growth since FY15.   Exports were up just 1.2 per cent at constant prices during Q1 of FY18, against 5.7 per cent year-on-year (YoY) growth in GDP during the period. In value terms, India’s exports have been stagnant at around Rs 24 lakh crore (at 2011-12 prices) in the last three years, against 24 per cent cumulative growth in GDP ...

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First Published: Mon, September 25 2017. 19:25 IST