The Prime Minister’s emphasis in his Independence Day address on the need to boost exports is a clear indication of policy priority for the Indian economy. However, the Chief Economic Adviser’s optimistic statement last week (Business Standard, August 27, 2019) that India’s goods export share of less than 2 per cent of global exports is indicative of a huge potential calls for a reality check.
India’s export share in global trade has been close to 2 per cent now for over five years. After having registered negative rate of growth in fiscal 2015 and 2016, export ...
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