Updated: 11 November 2022, 01:40 AM IST
- Exports of goods and services as a share of GDP showed a marginal improvement to 21.5% in 2021-22 from 18.8% in the previous year, but outperformed the average ratio of 24.6% between 2011-12 and 2014-15. The sharp growth in India’s exports may have helped see the economy battered by the pandemic recently, but it is hardly enough to suggest change for the long term. Exports are still not enough as a share of gross domestic product (GDP) and with the tides of the global economy turning worse, further growth becomes more challenging. Let’s examine what factors can prevent India’s exports from surviving the current global slowdown