EXPLAINER | Have India’s merchandise exports hit a tariff wall? – Economy News
Tariff uncertainties, decline in commodity & metal prices, and volatility in currencies dragged down merchandise exports in the last few months, explains Ajay Sahai. A turnaround in the exports trajectory would require more supportive policies and efforts to boost global competitiveness of assorted sectors Why are exports declining? Uncertainties due to tariff wars, the decline in commodity and metal prices, and volatility in currencies largely contributed to the decline in recent months. Two key sectors — petroleum and gems & jewellery —contributing to about a quarter of India’s exports, along...