Don't yet rejoice over exports

In short, it is a bit too early to celebrate over India's foreign trade performance

A K Bhattacharya 

A K Bhattacharya India’s foreign trade performance in September 2017 has kindled hopes of a pick-up in the pace of economic growth. A healthy growth rate of over 25 per cent in merchandise exports has certainly contributed to such optimism. Similarly, imports growth of over 18 per cent is seen as a sign of a revival of domestic demand fuelling green shoots of recovery in the manufacturing sector.  But how real and sustainable is the exports revival and does the rise in imports actually indicate a pick-up in domestic manufacturing? To get an answer to these questions, it will be relevant to ...

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First Published: Tue, October 24 2017. 22:42 IST