India's export problem

The new data from the Union Ministry of Commerce has revealed that India’s exports shrank by over 6 per cent in August, a reminder of the long-term slowdown that has plagued exporting sectors. While there is no immediate impact of this structural problem on the stability of India’s external balance, since imports have also been dropping, thanks to a demand crunch domestically, there is nevertheless a problem of exports that must be addressed. The decline in exports of engineering goods, which fuelled a minor recovery in the last financial year, is particularly troubling. Unio.....

Key stories on business-standard.com are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.